Bellevue Living Sells DFW Portfolio
The properties total more than 1,000 units across the metro area.
Bellevue Living has sold a five-property portfolio totaling 1,319 units in the Dallas-Fort Worth area. The properties are Bellevue Terrace in Dallas, The Reserve at Bellevue, Bellevue Chase and The Park at Bellevue in Fort Worth, and Bellevue Heights in Mesquite. All the properties are garden-style, and all were developed between 1982 and 1986. Each offers residents quick access to highways enabling convenient commuting across the Metroplex.
Bellevue Living has expanded into Georgia this year and now owns and operates nine properties valued at approximately $550 million.
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With an address at 7878 Marvin D Love Freeway in Dallas, Bellevue Terrace offers ceiling fans, fireplaces, hardwood floors, walk-in closets and window coverings across its 242 units. Leading the list of common area amenities are laundry facilities.
Located at 7301 Ederville Road in Fort Worth, The Reserve at Bellevue features framed mirrors and in-unit washer dryers for its 263 apartments. A clubhouse is one of the prominent amenities.
Situated at 9200 N. Normandale St. in Fort Worth, Bellevue Chase features black appliances, ceiling fans in the kitchens, double sided fireplaces, private patios or balconies and window coverings in the 264 homes. A picnic area is among the amenities.
Sited at 9001 N. Normandale St. in Fort Worth, the 264-unit Park at Bellevue features ceiling fans in guest bedrooms, faux wood floors, medium patios/balconies, oversized closets and carpet, hardwood or vinyl floors. One amenity is a newly constructed outdoor kitchen.
Bearing an address at 4819 N. Galloway Ave. in Mesquite, Bellevue Heights offers ceiling fans, custom backsplashes, full-size washer-dryers and mirrored closet doors. A fitness center is among the prominent amenities for residents living in one of the 286 homes.
In a statement, a company official noted that the sale of the middle market properties was a testament to the company’s success in generating income for investors.