Townlake of Coppell

Coppell, TX

Acquired May 2015

At a Glance

Townlake of Coppell is a 398 unit, garden style apartment community located in Coppell, TX, an affluent suburb of Dallas.

Investment Rationale

  • The property includes a number of amenities including two swimming pools, a clubhouse, fitness center, and newly renovated apartment finishes.

  • The location of the property within the city of Coppell provides the residents access to a highly desirable school system which has attained LaSalle Research’s Gold Level and an overall A+ rating by

  • The property offers a variety of one, two and three bedroom apartments which boasts an average unit size of 882 square feet which is attractive to families looking for access to a highly rated school district.

  • The city of Coppell has implemented substantial zoning barriers in an effort to control the city’s growth and preserve the school district’s reputation. Coppell is considered one of Dallas’ highest barrier to entry submarkets which helps mitigate new development.

  • The property fits well within our apartment strategy given its desirable location with an affluent tenant base, top schools and high barriers to entry.

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