|Building Area Net||
|Number of units||321|
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest L2 Uptown (the “Property”) a luxurious Class A asset located in Dallas, TX. Consisting of 321-units, the Property was built in 2013 and is situated in the prestigious Uptown District, just blocks from West Village, a walkable shopping, dining and entertainment district, with more than 100 retailers. In addition, L2 Uptown sits adjacent to a future Central Market development site, and offers residents the ability to live, work, and play minutes from their doorstep. The Property’s exceptional location and surrounding amenities make the area one of the most desirable destinations in Dallas/Fort Worth.
Institutional, Core Asset with Strong Rent Increases – L2 Uptown is a Class A community that presents the opportunity to acquire an institutional asset with market leading finish outs including stainless steel appliances, granite or quartz countertops, downtown views, and private garages. In addition, the Property has increased rents approximately $145 on renewals from November ’21 – March ’22 and roughly $144 on the last 24 new leases.
Irreplaceable, Infill Location with Walkability – The Property has a one-of-a-kind location providing residents walkability to the premier Uptown and West Village Districts, which are some of the most restaurant and entertainment rich destinations in Dallas and features a wide variety of trendy retail, bars, & nightlife, and upscale office and hotels. Boasting a walk score of 90, L2 Uptown enjoys the benefits of a true Live-Work-Play location with all the standards of high-quality living just minutes from its doorstep.
Renowned Neighboring Employment Centers – Uptown, Victory Park, Downtown Dallas CBD, Dallas Medical District, Dallas Market Center, Dallas Love Field