Source: Knightvest Capital
DALLAS, TX - Knightvest Capital, a vertically-integrated multifamily investment company, announced the successful acquisition of the Dorian Apartments, formerly known as the Tribeca Apartments. Situated in the coveted Legacy area of DFW, this 398-unit apartment community marks the latest strategic addition to the Knightvest portfolio.
The Dorian Apartment community was built in 2008 and features a mix of three and four-story structures across nine buildings, with units boasting an average of 910 square feet.
"With its strategic location, the Dorian Apartments fit seamlessly into our vision of acquiring institutional quality assets and transforming them into design-driven residential communities," said David Moore, Knightvest Founder and CEO. "Our team is excited by this latest acquisition as we work to provide a high-quality alternative to new construction in this sought-after market."
The community's corridor spans Plano, Frisco, McKinney, and Allen cities experiencing an average population growth of over 50% in recent years. With Plano's growth accompanied by the development of over 14.8 million square feet of Class A office space, the area has become a thriving live-work-play community.
Knightvest Capital closed the acquisition in December 2023 and plans to enhance the property by renovating unit interiors and property amenities, including the fitness center, pool area, and clubhouse.
"Our acquisition of the Dorian Apartments is another great example of how we're executing our value-add strategy to deliver dependable results to investors, residents, and employees," concluded David Moore.