Lantower Legacy Lakes, Dallas, TX December 18, 2017
Dallas-based Lantower Residential announces the acquisition of Lantower Legacy Lakes, a 301-unit community located near the Sam Rayburn Tollway in north Dallas. The community, built in 2016 by Alliance Residential, features modern one-, two-, and three- bedroom floorplans. Interior amenities include granite countertops, stainless steel appliances, chef's islands in everyfloorplan, and 14-foot ceilings in select units. Residents enjoy community amenities including a resort-style pool with in-pool bar seating, attached garages, state-ofthe-art poolside athletic center, multiple outdoor courtyards with gazebos and grilling stations, and a clubhouse with entertaining space and billiards.
Located at 2600 Lake Ridge Road, the property is a 5-minute commute to the Dallas North Tollway and Highway 121 intersection, home to Legacy West and Legacy Business Park. This nationally acclaimed area boasts several major headquarters including Toyota North American HQ, JC Penny HQ, and Frito Lay HQ. Liberty Mutual, JP Morgan Chase, Hewlett Packard, FedEx, HP, and others also have large regional employment centers in the area.
"We selected Lantower Legacy Lakes due to its institutional product quality and location while enabling us to grow our exposure in the dynamic Legacy submarket of north Dallas. We look forward to another active year in 2018 after ending 2017 with over $350M in acquisitions. Lantower is pleased to expand its favorable reputation with another seamless and strategic transaction." Lantower Residential COO Philippe Lapointe said in prepared remarks.
Upon acquisition of Lantower Legacy Lakes, Lantower Residential's portfolio will encompass 16 multifamily properties consisting of 5,633 residential units.