DALLAS (December 29, 2017) – Paul Panza, President and CEO of Nicholas Residential LLC, is pleased to announce the acquisition of Park on Spring Creek, a 278-unit multifamily community strategically located between the Dallas North Tollway and US HWY 75, minutes from Toyota Motors North America, Liberty Mutual Insurance Company and Texas Health Presbyterian Hospital.

Nicholas Residential plans to implement an expanded offering of the firm’s interior enhancement program, reinforced by the addition of covered parking and private patios. Further upside will be created with fresh updates to the properties first-class amenity package, which includes a resident clubhouse with coffee bar, two swimming pools, business center, playground, fitness center, and detached garages. The nearly 20-acre property sits just across from the Jack Carter Public Water Park, complete with a 5-mile wooded jogging trail and 3-acre dog park.

“The acquisition of Park on Spring Creek brings full-circle the business plan we set forth for 2017 and caps a successful run of best-in-class assets that defines this company and our investment strategy. I could not be more proud of our entire team” said Mr. Panza.

The community will be re-named Bellevue at Spring Creek.