2507 Airport Circle
Property Description
THE PROPERTY Regency Apartments is a 72-unit, garden-style apartment community located at 2507 Airport Circle in Arlington. Originally constructed in 1967, the two-story property consists of five buildings and offers a mix of efficiency, one- and two-bedroom units averaging approximately 806 square feet, providing some of the most spacious floor plans within its competitive set and catering to the area’s growing workforce housing demand. The Property features ample parking with approximately 150 spaces, a central courtyard and picnic area, and individual HVAC systems. Unit interiors offer functional layouts with strong potential for interior upgrades, positioning new ownership to enhance and drive rent growth through a targeted renovation program. THE OPPORTUNITY Regency Apartments presents a lender-owned acquisition opportunity for a well-located, value-add multifamily asset in Arlington, just minutes from major employment centers which collectively drive thousands of daily jobs and sustained economic activity. The Property offers a clear path to a stabilized ~$508K NOI in year two through occupancy recovery, expense normalization, and strategic capital improvements. With an acquisition basis significantly below the prior loan amount, investors are positioned to achieve attractive risk-adjusted returns by executing a focused business plan centered on addressing deferred maintenance, occupancy recovery, and operational normalization without relying on submarket tailwinds. Backed by strong demand for workforce housing across the Dallas–Fort Worth metroplex, driven by continued population growth, rising barriers to homeownership, and sustained job expansion, the Property is well positioned for long-term performance. THE DEBT The property is being offered free-and-clear of existing debt. Please contact the Greysteel Debt and Structured Finance team to discuss the most efficient financing execution.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 72 |
| Year Built: | 1967 |
| Lot Size: | 2.50 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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