Beachwold Residential Expands in Texas

January 22, 2020

The company has purchased Jefferson Landmark, increasing its Dallas-Forth Worth portfolio to more than 12 assets.

Jefferson Landmark. Image courtesy of JPI

Beachwold Residential is continuing to grow its presence in the Dallas-Fort Worth Metroplex, which now numbers more than 12 properties, with its latest acquisition of Jefferson Landmark in Dallas, from JPI. This follows shortly after JPI completed construction on Jefferson La Mesa, a mixed-income community in La Mesa, Calif.

The 324-unit Jefferson Landmark features one- and two-bedroom apartments ranging in size from 508 to 1,639 square feet. Rents range from $1,306 to $2,907 monthly. Occupancy levels stood at 93.8 percent at the time of the acquisition.

Jefferson Landmark apartments feature loft layouts, walk-in closets, in-unit washers and dryers and high-speed Internet access. An infinity-edge pool with seating and TV lounge is among the leading common-area amenities of the apartment community.

Built on 4.1 acres at 14650 Landmark Blvd., the property is encircled by unlimited shopping, dining and nightlife choices. Its location is just off the Dallas North Tollway and close to the Galleria, Prestonwood Town Center and Village on the Parkway. The location offers easy access to Addison, Uptown, Downtown and Frisco.

Nearby recreational amenities include Lewisville Lake, LLELA Nature Preserve and Trammell Crow Park.

Beachwold Residential also controls 15,000 apartments across five dozen apartment communities in Florida, Georgia, Connecticut, Virginia, New Jersey and Tennessee.