Balfour Pacific has acquired Water Ridge Apartments, a 476-unit multifamily community in Irving, Texas, in collaboration with Casoro Group for enhanced operational management.

Information on the Target

Balfour Pacific has successfully acquired Water Ridge Apartments, a substantial multifamily community consisting of 476 units located in Irving, Texas, which is part of the greater Dallas metropolitan area. This Class B property encompasses an area of 25 acres and is strategically positioned only five miles from the Dallas Fort Worth International Airport, enhancing its appeal for both residents and investors.

The community offers a variety of amenities and is situated in a thriving neighborhood, making it an attractive option for renters seeking access to urban conveniences and connectivity. The acquisition represents a significant addition to Balfour Pacific's expanding portfolio in the multifamily sector.

Industry Overview in Texas

The multifamily housing industry in Texas has shown robust growth, particularly in urban areas like Dallas. The state continues to attract a diverse population and robust job grow