Richmond, VA – December 10, 2015 − 37th Parallel Properties (“37th Parallel”), a commercial multifamily acquisitions and asset management firm, announced today it has recently closed on the McCallum Portfolio in Dallas, TX.
The McCallum Portfolio consists of two apartment complexes totalling 419 units and almost 250,000 rentable square feet.
”The McCallum Portfolio is located in a very stable submarket in North Dallas”, Dan Chamberlain, COO of 37th Parallel commented, “It is less than three miles from the University of Texas at Dallas, which has seen its enrollment go up by more than 50% in the last 7 years.”
“Additionally, the Portfolio is located within a short distance of three attractive job corridors that cover a wide array of industries and employ more than 150,000. McCallum is less than 20 miles from downtown Dallas and is served by two of the best school districts in the area. We are very confident in the long term performance of this project.”
Portfolio amenities include a clubhouse, two swimming pools, internet cafe, california kitchen with multiple gazebos and business center.
Look for additional acquisition announcements later this year and beyond as 37th Parallel adds more stable multifamily assets to the portfolio.
37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit our website (www.37parallel.com) or call 888.837.3720.