BV Arlington Land

The City of Arlington’s central location, expanding employment base and booming tourist industry all play a role in making Arlington one of DFW’s favorite suburban markets. Two Major League Sports Teams, Fortune 500 employment and world-class entertainment venues keep Arlington in the national spotlight.  High profile events held at AT&T Stadium are major drivers for the North Texas economy.  AT&T Stadium will be among the host venues for the FIFA 2026 World Cup, which is estimated to generate $400M in economic impact to North Texas.

Apartment Economics

The project will be positioned in an area of growth on the south side side of Arlington, Texas.  The surrounding area in mostly residential homes valued at around $350,000 based on Zillow recent sales.  The multifamily market in Arlington has been expanding significantly over the past few years, driven by the city's robust economy and attractive job prospects.  Despite the impacts of the pandemic, there are clear indications of a recovering market, with gradual increases in both the percentage of occupied units and rents.

Notably, the average rent in Arlington, currently at $1,254, has increased by 10% from the previous year.  Occupancy rates in Arlington are strong at around 94%, indicating a healthy demand for rental properties. There has also been an increase in demand for studio apartments and smaller units.  In 2023, the housing market in Texas is expected to continue expanding, reflecting larger national trends.  An imbalance between supply and demand has fueled rapid home appreciation throughout the state.

Bridgeview’s proposed development is well positioned to take advantage of these positive trends. The acquisition of land below market value and the support from local government officials provide a solid foundation for the project. The rising demand for rental properties in Arlington, coupled with the city's steady population and job growth, presents a unique opportunity for investors. Given these factors, our development is poised to deliver a high-quality, in-demand housing option for the Arlington rental market.