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Texas  + Dallas-Fort Worth  + Apartments  |  September 28, 2021
Alexan on Ross
Lisa Brown
By: Lisa Brown

Ross Corridor Market Boasts Renters by Choice

An acquisition loan for Alexan on Ross, a 292-unit mid-rise class-A multifamily community at 4001 Ross Ave., was recently arranged for Internacional. The property is in Dallas’ Ross Corridor, which is a trendy and rapidly transforming urban neighborhood minutes from both downtown and Uptown Dallas.

The area is surrounded by galleries, restaurants and bars, and entertainment options. This high barriers-to-entry market has a limited supply of multifamily properties, and houses an affluent renter-by-choice demographic.

Alexan on Ross was completed in 2018. Its mix of studio and one- and two-bedroom units average 877 feet, which is the largest average unit size in the Ross Corridor.

JLL worked on behalf of the borrower to place the 10-year fixed-rate loan with Northwestern Mutual. The JLL debt team representing the borrower was led by Mark Brandenburg along with Chad Russell.

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Mark Brandenburg

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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