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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.
- ◦Sale/Acquisition
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