The Park Ridge Townhomes

42 Units, Arlington, TX

Acquisition Date: January 2, 2007
Status: Current property in the Clarus Portfolio

Located in close proximity to the University of Texas at Arlington, The Park Ridge Townhomes was an acquisition in which Clarus was able to leverage its reputation to negotiate an excellent opportunity for its investors.

Capital improvements have helped raise the property's aesthetic appeal, and Clarus continues to work hard to reap the benefits of the regional housing market. The gated property features units with private yards.

Strong demographics, particularly strong job and population growth, make DFW an appealing market for multifamily investment. DFW has also benefited from strong market fundamentals, and the metroplex continues to draw both domestic and international investors.