Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2020
Building Area
Number of units 435

Property description

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Lenox Crown (the “Property”), a 435-unit, Class A asset located in Garland, Texas. Positioned adjacent to President George Bush Turnpike, the Property provides residents access to an abundance of employment and entertainment centers including CityLine, Telecom Corridor, Downtown Dallas and Firewheel Town Center.

Investment highlights

​​​​​​​UNIQUE ASSET WITH UNMATCHED AMENITIES – Lenox Crown is an institutional asset that offers superior construction and unique community amenities that are not commonly found in the marketplace including a resort-style pool, outdoor fire pit, yoga room, and outdoor lounge. In addition, the Property offers 23 townhome units and 148 tuck-under spaces.


STRONG LEASING VELOCITY WITH LIMITED NEW DEVELOPMENT –  Lenox Crown is performing very strong throughout the lease up as the Property has averaged more than 49 leases per month over the past seven months. This demonstrates the strength of the submarket and the desirability of the product. In addition, the submarket has limited new supply with only 300 units under construction or in lease-up in Garland.


PROXIMATE TO EMPLOYMENT AND ENTERTAINMENT CENTERS – The Property sits adjacent to President George Bush Turnpike and within minutes of US-75, which puts residents in close proximity to some of the major employment and entertainment centers in the Metroplex including Downtown Dallas, the Telecom Corridor, Cityline and Firewheel Town Center.

Last Updated Date: 26 Aug 2021
Bill Miller
Bill Miller
Senior Managing Director, Multi-housing Group Leader
Broker Licenses
AL-000066273 TX-0469707
Roberto Casas
Roberto Casas
Senior Managing Director, Multi-Housing Group Leader
Broker Licenses
TX-0512740

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Last Updated Date: 26 Aug 2021

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