SOUTHLAKE, Texas, July 19, 2018 /PRNewswire/ — Napali Capital, LLC, today announced the acquisition of Westwood Apartments in Dallas. The 187-unit property is located southwest of the city and just minutes from downtown. This acquisition brings the company’s current portfolio total to eight properties, with three of these located in the DFW metroplex.
Westwood Apartments was built in 1969 and consists of 187 one-, two-, and three-bedroom units divided among 15 buildings. It is situated adjacent to Briar Gate Park and is near schools, Fiesta Supermarket, and many other retail and dining establishments. The popular Bishops Arts District is also just five miles away, offering residents additional dining and entertainment options.
Napali Capital plans to immediately rebrand Westwood Apartments and invest more than $400,000 for property upgrades and amenity improvements over the next 12 months. The company will retain Place 10 Residential to continue daily onsite management.