investment offering

BV Dallas Design District DST

offering OVERVIEW


The Dunhill was built in 2010 and is a four-story wrap-style apartment building that is situated on 4.11 acres of land in the heart of the Design District near Downtown Dallas within Dallas County, Texas.

The Dunhill at Design District has 214 multifamily units which upon renovation will have luxury interiors with beautiful kitchens, stainless steel appliances expresso cabinets with chrome fixtures.  The property provides residents with ample outdoor recreation space, on-site and from nearby amenities.

Investment Highlights

The projected acquisition date was April 20th with 53.27% LTV

  • 1031 / DST Offering - This offering is also available to cash investors.  Qualified money is not accepted. 
  • Trophy Asset in a desirable location
  • Current Rents of $1.55 vs Market Rents of $2.02
  • 12% - 15% Submarket Effective Rent Growth
  • 25% - 30% Under-Market Value Rents 
  • 3-5 Year Anticipated Hold Period
  • 3-6% Cash Flow once renovations are complete
  • 1.85% Estimated Investor MOIC with estimated 4.50% exit cap
The Dunhill

Location

The Design District is part of the Dallas-Fort Worth Metroplex area, which has a total population of more than 7.7 million, it ranks 4th in terms of U.S. largest metros and is continually ranked as one of the fastest-growing metros, boasting almost 19% population growth from 2010 to 2019. The property is primely situated near the strongest employment hub and is within close proximity to some of the best entertainment and restaurant options in the state of Texas.

The Dallas Design District has a vibe – it is hip, diverse, upscale, and artsy with authenticity found nowhere else in Dallas. This high-profile, area encompasses approximately 40 acres in downtown Dallas where old and new are merging to create a vibrant future.

As the City of Dallas has evolved over the years, the Dallas Design District falls in the center of Dallas’ work and live fabric. It is complete with one-of-a-kind restaurant destinations, shops, and art galleries alongside the dynamic residential and commercial design trade industry that first pioneered the area.  The property is directly across the street from the Dallas Virgin Hotel.  

The District is surrounded by the most dense and affluent employment centers in Texas. This exceptional location lies in close proximity to Uptown and Downtown Dallas, Victory Park, West End, Trinity Groves, and the Medical District with a 30-minute drive to DFW International airport and 6-minute drive to the expanding Dallas Love Field airport.

  • 18 People are moving to DFW every hour
  • Limited new Multifamily supply coming to the market
  • Property has Great Accessibility to Interstate-35 and Dallas North Tollway
  • The Design District is located just west of Downtown Dallas
  • $84,836 Average Household Income in 5 mile radius
Dallas Design District

indication of interest


Projects Coming Soon Inquiry
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Are you an accredited investor as defined by the SEC?* *
*I understand I must qualify as an accredited investor by meeting either of the following: | INCOME : Individually - $200k+ per year | Combined with spouse - $300k+ per year | NET WORTH : $1M not including primary residence |
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