Knightvest Acquires 389-Unit Uptown Dallas Apartment Community
Knightvest Capital acquired the Ardan community in Dallas. Built in 2018, the Class A, 389-unit high-rise community is located in the West Village neighborhood of Uptown Dallas. Brookfield Properties was the seller. Knightvest Capital secured a $112 million acquisition loan.
Knightvest plans to implement a comprehensive value-add renovation program at Ardan, investing significant capital to modernize the large indoor amenity space, including a full upgrade of the clubhouse, fitness center, and pool area to better compete with newer luxury product in the submarket. A select number of units will also be renovated to a premium finish level, complemented by enhancements to common areas, landscaping, and technology offerings such as smart home features and bulk Wi-Fi. Together, these improvements are designed to elevate the resident experience and firmly position Ardan within the top tier of the Uptown Dallas market.
The re-branded Ardan Apartments provides residents with immediate access to Uptown, Downtown, Knox/Henderson, and the Katy Trail.
April 8th (Scottsdale, AZ) How PHX Deals are Getting Done Today | Submarkets, Supply & the Next Phase of Growth | Owning, Developing & Repositioning Assets: Join CRE’s leading developers, investors, owners, operators, advisors and more at Connect Phoenix Multifamily, SFR & BTR | Wednesday, April 8th at The Westin Kierland Resort & Spa, Scottsdale | www.ConnectPHXMF2026.com
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout