New York investor can make initial Dallas home plays

A New York-primarily based home investment decision and development company has manufactured its 1st buys in the Dallas region.

RockFarmer Houses bought two Lake Highlands rental communities with 440 flats.

The purchases had been made for the investor’s new chance fund.

The condominium communities that improved fingers were the 98Fifty and Apex rental communities on Whitehurst Drive.

“We are exceptionally bullish on value-include qualities located in stable communities and districts dealing with ongoing advancement,” John Petras, principal of RockFarmer Homes, stated in a statement. “98Fifty and Apex are two perfectly-located rental communities with a lot of upside probable.”

The traders strategy additional condominium buys before long in Dallas-Fort Worth, Austin and San Antonio.

“We are looking to be an extremely energetic trader throughout 2021,” Petras reported.

The new operator strategies to make upgrades to the Lake Highlands apartments, which had been crafted in the early 1980s.

“With much more than 40 years of encounter managing multifamily attributes and communities, we glimpse ahead to applying significant updates and enhancements to equally attributes although doing the job intently with people and team to prioritize any fast demands,” George Michelis, principal of RockFarmer Qualities, claimed in a assertion.