Corridor Ventures and Apparent Capital have invested with longtime partner and Lead Sponsor, Rockport Equity, in the acquisition of Enclave at Grapevine, a premier institutional quality asset in the sought-after city of Grapevine, TX.
The property features 243 units situated in a beautiful setting with highly desirable amenities, including a pool and clubhouse. Easy access to top ranked retail, exclusive golf facilities, and major thoroughfares make this an in-demand rental option in an A+ ranked, supply-constrained submarket near Dallas-Fort Worth.
Enclave at Grapevine has been impeccably maintained by the original developer, with virtually no deferred maintenance. The business plan will therefore focus on executing a series of high-impact, design-driven renovations and upgrades to unit finishes and amenities, accentuating the property’s unique features and enhancing the living experience for all property tenants.
Key Highlights of Enclave at Grapevine:
- Spacious townhome layouts with attached garages
- Serene setting adjacent to Cowboys Golf Club
- Quick access to major thoroughfares and key employment nodes
- Attractive valuation with plans for amenity and unit upgrades
Why Grapevine?
- Rated A+ by GreenStreet, in the top 4% of U.S. submarkets
- Elite suburb with a highly educated workforce and robust job growth
- Top-ranking schools and excellent connectivity throughout Dallas Fort Worth
- Strong rental fundamentals with top-ranked occupancy and high suburban rents
We are proud to have had the opportunity to work with Rockport Equity again, as they are Lead Sponsor in this deal. Their experience, diligence, and professionalism were key to the success of this acquisition. We’re excited about the potential this opportunity represents.
