DALLAS, TX - Nicholas SunTx RE Partners II, in cooperation with Hughes Capital Partners, continues to expand with the acquisition of Bellevue at The Bluffs in Dallas, Texas. Nicholas Residential's subsidiary, Bellevue Living, will oversee the daily operations of the community.
Formerly Aura Bluffview, Bellevue at The Bluffs was built in 2019 and boasts 473-units of apartment homes. The property features studio, one-, two- and three-bedroom apartment homes, plus multilevel townhomes, across 74 unique floor plan types.
Located within central Dallas, Bellevue at The Bluffs is surrounded by Inwood, Park Cities, Preston Hollow and Dallas Love Field. The community features two sparkling swimming pools, a state-of-the-art fitness facility, business center with a separate conference room, a zen oasis, and a stunning sky lounge with impressive views of Downtown Dallas and the Bachman Creek Greenbelt.
"Our investment in Bellevue at The Bluffs provides the opportunity for Nicholas SunTx RE Partners II and Bellevue Living to position ourselves as leaders in the multifamily sector in Texas," said Paul Panza, General Partner and President of Bellevue Living. "This acquisition promotes our investment strategy to provide attainable housing to the biggest metropolitan areas throughout the Sun Belt."
In addition to Nicholas SunTx RE Partners II purchase of Bellevue at The Bluffs, the company also closed on Bellevue at Avondale in Decatur, GA, continuing their growth strategy into prominent markets across the U.S.
"With the purchase of Bellevue at The Bluffs and Bellevue at Avondale, Nicholas SunTx RE Partners II not only acquires properties that lead the market, but also the teams that make these communities the absolute best", added General Partner Ned Fleming.