Debbie Lane Flats, in Arlington, TX, features a resort-style pool and sundeck with lounge seating.

Sentinel has recently acquired Debbie Lane Flats, a 331-unit garden-style apartment community located in Arlington, Texas, representing an opportunity for Sentinel to acquire a stabilized newly-built luxury community in the desirable and rapidly growing Dallas-Fort Worth Metroplex.

Debbie Lane Flats consists of one-, two- and three-bedroom apartments, averaging 895 square feet per unit. The luxury residences are equipped with stainless steel appliances, quartz countertops, wood-style flooring, nine-foot ceilings, LED lighting, smart lock keyless entry, smart thermostats, full-sized washer/dryers, oversized garden-style tubs, walk-in closets, and private patios or balconies. In select units, there are extra storage closets, private yards, standing showers and dual-vanity sinks. Community amenities include a 24-hour fitness center, a resort-style pool and sundeck, outdoor grill stations, a gourmet kitchen, a business center, a cyber cafe, a 24-hour package locker with cold storage features, controlled access gates, bike racks, electric vehicle charging stations, a dog park and a valet dry cleaning service.

"Debbie Lane Flats exemplifies our core investment strategy of acquiring high-quality stabilized assets in high-growth markets across the U.S.," said Michael Streicker, President of Sentinel. "In this case, Arlington is at the heart of one of the nation’s fastest-growing employment centers, which consistently exceeds the national average for job growth. In the last year alone, employment in the Metroplex has grown by 7.2 percent, representing nearly 280,000 jobs, and is expected to grow 2.4 percent annually over the next five years. This job growth, combined with highly-rated school systems and quality of life factors, will support continued population growth and drive the long-term success of the asset."

Debbie Lane Flats is optimally located approximately 18 miles southeast of Fort Worth and 27 miles southwest of Dallas, and situated along the southbound lane of South State Highway, a major highway that runs north/south into downtown Arlington and connects to Ronald Reagan Memorial Highway, a major east/west thoroughfare. The property is within a 20-minute drive of a variety of the region’s top employers, such as GM Financial, a General Motors SUV assembly plant and Poly America, as well as the headquarters of American Airlines, IKEA and Lockheed Martin. Additionally, the property is served by the highly rated Mansfield Independent School District.

Debbie Lane Flats is also located proximate to high-quality shopping, dining and entertainment options at Arlington Highlands and The Parks Mall at Arlington, with major retailers such as Kroger, Sprouts Farmers Market and Walmart Neighborhood Center supermarkets, as well as Best Buy, Target and Marshalls – among other name brand stores and restaurants – nearby. The community is within walking distance of Lloyd Park at Joe Pool Lake, which features camping, swimming, kayaking, canoe rentals and other recreational amenities. It is also located within a 15-minute drive of Six Flags Over Texas adventure park and the Texas Rangers and Dallas Cowboys stadiums.

Sentinel has been active in the Dallas-Fort Worth market throughout its 53-year history, having owned and operated 24 multifamily properties and six commercial properties in the area. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

The acquisition received coverage in:
Multi-Housing News
REBusiness Online
The Dallas Morning News

See more of Sentinel's portfolio and learn more about our multifamily assets.

The post Sentinel Acquires 331-Unit Community in Arlington, Texas appeared first on Sentinel Real Estate Corporation News.

Main 3 Downtown features a rooftop terrace with a salt water pool, firepit and outdoor kitchen/grilling area.

Sentinel has recently acquired Third Rail Lofts, a 164-unit apartment community located in Downtown Dallas. The transaction provides the opportunity to acquire an institutional-scale asset in a high growth, urban location at a significant discount to replacement cost. Immediately upon acquisition, Sentinel is rebranding the community as Main 3 Downtown.

Consisting of three adjoining buildings – The Flats, The Landmark and The Tower – Main 3 Downtown comprises 164 studio, one- and two-bedroom apartments and three retail spaces. The luxury loft-style residences feature an impressive selection of finishes including stainless steel appliances, walk-in closets, custom cabinetry and granite countertops; however, they were last updated in 2008. Sentinel expects to realize additional value through the execution of a capital improvement program that calls for the modernization of all 164 units. Each building’s lobby will be updated to increase consistency in design and branding across the community. The firm also intends to renovate the amenities, which include a two-lane bowling alley, a billiards room, a small movie theater and a wine tasting room, as well as a pool deck and terrace with a salt-water pool, an outdoor bar with a grilling area, a fire pit, an outdoor movie theater and a private dog walk.

Main 3 Downtown is located in Dallas, which has experienced tremendous growth over the past decade and is now the fourth most populous MSA in the United States. The Downtown submarket in particular has seen more than $7 billion in public and private investment since 2000, leading the area to be recognized as a premier live/work/play neighborhood. The property is situated on Main Street in the center of the Dallas Central Business District, and is within walking distance of employers, retail, restaurants museums and the Dallas Area Rapid Transit (DART) light-rail station. In addition to being home to major corporations such as AT&T, Goldman Sachs and Neiman Marcus Group, the Central Business District is the largest employment center in North Texas with more than 135,000 daytime workers, providing a robust built-in demand driver for rental housing in the area.

"The Dallas economy benefits from a diverse employment base and low cost of living as compared to coastal cities, both of which support strong in-migration trends,” said Michael Streicker, President of Sentinel. “The Downtown area has experienced tremendous growth, and the recently completed AT&T Discovery District and the repositioning of The National on Elm Street have brought renewed vibrancy and livability to the Central Business District. We look forward to implementing a value-enhancing investment program at Main 3 Downtown to update the unit interiors and improve the quality of the amenities for the residents of Dallas."

Sentinel has been active in the Dallas market throughout its 53-year history, having owned and operated 23 multifamily properties and 6 commercial properties in the area. Since its inception, Sentinel has acquired a national portfolio of multifamily real estate on behalf of domestic and international institutions. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities throughout the region.

The acquisition has received considerable media coverage including:

https://www.multihousingnews.com/sentinel-buys-dallas-apartments/
https://www.connectcre.com/stories/sentinel-real-estate-corp-acquires-dallas-apartment-community/
https://rebusinessonline.com/sentinel-real-estate-buys-164-unit-multifamily-property-in-downtown-dallas/
https://money.yahoo.com/sentinel-real-estate-corporation-acquires-130000673.html

Learn more about Main 3 Downtown here: https://www.main3downtown.com/

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