DALLAS, September 20, 2021 / PRNewswire / – Nicholas SunTx RE Partners II, in partnership with Hughes Capital Partners, expands with the acquisition of Bellevue at The Bluffs in. Further Dallas, Texas.
Subsidiary of Nicholas Residential, Bellevue living, will oversee the day-to-day running of the community.
Bellevue at The Bluffs, formerly Aura Bluffview, was built in 2019 and has 473 residential units. The property offers studio, one, two and three-room apartments as well as multi-storey townhouses with 74 unique floor plan types.
The Bellevue at The Bluffs is located in downtown Dallas, surrounded by Inwood, Park Cities, Preston Hollow and Dallas Love Field. The community has two sparkling swimming pools, a state-of-the-art fitness facility, a business center with a separate conference room, a zen oasis and a breathtaking sky lounge with sweeping views Downtown Dallas and the Bachman Creek Greenbelt.
“Our investment in Bellevue at The Bluffs, Nicholas SunTx RE Partners II offers the opportunity and Bellevue living to us as the market leader in the multi-family sector in. to position Texas,” called Paul panza, General Partner and President of Bellevue living. “This acquisition promotes our investment strategy in order to offer accessible living space to the largest metropolitan areas in the entire sun belt.”
In addition to Nicholas SunTx RE Partners II’s purchase of Bellevue in The Bluffs, the company also acquired Bellevue in Avondale in. closed Decatur, GAand continue their growth strategy in prominent US markets
“With the purchase of Bellevue in The Bluffs and Bellevue in Avondale, Nicholas SunTx RE Partners II is not only acquiring market leading properties, but also the teams that make these communities the absolute best,” added General Partner Ned Fleming.
ABOUT NICHOLAS SUNTX RE PARTNERS II
Nicholas SunTx RE Partners II was created in collaboration between Nicholas Residential LLC and SunTx Capital Partners, LP, both based in Dallas, Texas. Nicholas Residential LLC is a fully integrated privately held real estate investment firm. SunTx Capital Partners, LP is a private equity firm that invests in medium-sized manufacturing, distribution and service companies. Nicholas SunTx RE Partners II invests together with institutional and private clients in accessible, value-adding and opportunistic housing communities in tier 1 real estate markets in the most important Sunbelt countries, including Texas, Florida, Georgia, Arizona, Tennessee, Nevada, South carolina, and North Carolina. The company currently holds approx. $ 650 million of managed assets.
In partnership with the subsidiary of Nicholas Residential LLC, Bellevue livingThe company aims to generate compelling risk-adjusted returns on current dividends while empowering neighborhoods through a variety of community and social programs.
More information is available at www.NicholasResidential.com and www.SunTxCapitalPartners.com.
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SOURCE Nicholas Residential
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