CARROLTON, TX - Benefit Street Partners Multifamily Trust, an open-ended, continuously offered, multifamily REIT, announced the acquisition of Olympus on Broadway, a 390-unit class A multifamily apartment community in Carrollton, Texas.
Olympus on Broadway, now rebranded as LYV Broadway, is a newly constructed transit-oriented multifamily community in the heart of Historic Downtown Carrollton, Texas and is composed of studios, one- and two-bedroom units. The highly amenitized asset offers cutting edge luxury with quartz countertops, stainless steel appliances, a dynamic two-story fitness center, resort style pool, and multiple lounge and courtyard spaces for relaxing, entertaining, or working.
The property also offers 6,048 square feet of live-work space providing residents an opportunity to connect with the neighborhood and the larger Carrollton community. The property’s location is within walking distance to lively neighborhood dining and entertainment destinations as well as the Downtown Carrollton DART Station.
“The Olympus on Broadway transaction represents exactly what BSPMT is targeting for acquisitions: a class A asset in an established, growing metropolitan area in Dallas and within one of the leading submarkets experiencing strong rent growth,” said Mike Comparato, Head of Real Estate at Benefit Street Partners.
Source: Benefit Street Partners Multifamily Trust