Noel Management Expands Footprint in Dallas Market with Acquisition of 264-Unit Ashford Apartments

DALLAS, TX – Noel Management Company, along with partners Silverado Interest and Pegasus Real Estate, announced the acquisition of Ashford Apartments, a 264-unit, garden-style apartment community in Carrollton, Texas. The property, completed in 1995, is comprised of 35 residential buildings, built on a 19.4-acre site with a 2-acre lake.

Ashford Apartments offers nine distinct floor plans with an impressive selection of one and two-bedroom apartments. Residents can currently enjoy a generous suite of amenities including fully-equipped kitchens with quartz countertops, full-size washer and dryer connections, spacious closets, and private patios or balconies. Certain homes also include townhome split-level designs, premium carpeting, direct access garages and private, fenced-in back yards. Every apartment is designed to allow one’s personal style to shine through with fashionable touches and customizable options that set the gold standard for contemporary apartment living. 

The community also boasts a resort-inspired swimming pool with poolside cabanas, sand volleyball court, and outdoor kitchen area with seating. Residents can take advantage of the Cyber Lounge with high-speed Internet access, a great spot for socializing or wrapping up some work over the weekend, as well as a fitness center with professional equipment and catch and release on-site lake. From scenic wooded, pool, and lake views to the reserved covered parking, Ashford Apartments takes special care of resident needs with sophisticated luxury and modern style that go hand-in-hand. 

The community will undergo an extensive $2 million upgrade to the exterior building, as well as to its individual apartment units. Planned upgrades include the installation of granite counter tops, tile backsplash, new black appliance packages, farmhouse sinks, plank flooring, Bluetooth shower heads, USB outlets, and LED lighting. The community will also incorporate a dog park, an outdoor fireplace, and more green space into its amenity offerings, in addition to painting the entire exterior of the building and updating the pool furniture. 

"We are excited to expand our footprint with the acquisition of Ashford Apartments. This highly attractive area in a prime market provides our residents with unparalleled accessibility to major employers, retailers, nationally ranked schools, key regional suburbs, and Downtown Dallas. We are very enthusiastic about the planned improvements to the community and projected return on our investment,” stated Lenny Licht, CEO of Noel Management. 

Located in the nationally acclaimed Carrollton-Farmers Branch Independent School District, the community is bordered by major Texan suburban cities such as Farmers Branch, Richardson and Plano. 

The neighborhood of Southeast Carrollton provides its residents with a comfortable, suburban way of life with close proximity to all the attractions and amenities of Downtown Dallas. With a prime location and a comprehensive amenities list that will be expanded through a community-wide upgrade, Ashford Apartments has undoubtedly become a rising star on the Texan multifamily real estate horizon.