Kansas City, Missouri—Block Funds acquired Bella Madera, a 612-unit, Class A, garden style apartment property located in Lewisville, Texas. The Class A property’s lease up was completed in 2010.
Bella Madera features an attractive mix of unit sizes and styles, and a superior amenity base. The property, built by Westwood Residential, is located in Lewisville, Texas, a highly desirable submarket of Dallas. The property sits just north of State Highway 121 (Sam Rayburn Tollway), almost equidistant to Interstate 35E and the Dallas North Tollway, providing tenants with convenient access to all points of the Dallas MSA, and an easy commute to a vast number of employers in the Lewisville, Frisco, and Plano submarkets.
The management company for Bella Madera is a division of Block Real Estates Services, Block Multifamily Group (BMG). BMG provides multifamily management services in a wide geographic area. Our de-centralized management, coupled with a centralized financial center, enables our staff to provide proactive property management services in a timely manner. Effectively managing our clients' needs is the focal point of our operating philosophy. Covering conventionally-financed multifamily assets as well as HUD-insured and Low Income Housing Tax Credit (LIHTC) properties, BMG is able to provide services for a wide client base.
For further information contact:
Aaron Mesmer Grant Reves
Block Funds Block Funds