Embrey Partners Sells Dallas-Area Community
- Jun 18, 2021
Embrey Partners has completed the disposition of Domain at Founders Parc, a 285-unit community in Euless, Texas. The new owner is American Landmark Apartments, information on the investor’s website confirms.
Domain at Founders Park came online in the second quarter of 2020. Southside Bank provided construction financing for the asset in 2019, Yardi Matrix data shows.
The six-building community sits on an 8-acre lot at 880 W. Euless Blvd. Apartments range from 671 to 1450 square feet and offer a one-, two- and three-bedroom options.
Residents have access to a swimming pool with sundeck, a gym and a spin studio, lounges with WiFi, clubhouse, dog park, bike wash and repair shop, outdoor kitchen and fire pit, as well as 285 parking spaces.
Domain at Founders Parc is some 19 miles northwest of downtown Dallas and 17 northeast of Fort Worth. The property is close to the Euless Town Center shopping mall and the restaurants and bars along South Industrial Boulevard. The Hurst-Euless-Bedford Independent School District serves the neighborhood.
Dallas has seen sustained development demand boosted by a 20.4 percent demographic increase over the past decade. The metro is the leading U.S. market for multifamily development, with close to 49,000 units in the pipeline as of May, Yardi Matrix data shows.