MIAMI, FL – DIJ Properties announced the acquisition of Parque Rio Apartments. The asset includes 386 units and spans an area of 17.70 acres.
Conveniently located in the path of progress in east-downtown Dallas, it has easy access to I-30 to the south, and Ferguson Road to the north. There is a mix of retail, single family homes, multifamily, office and industrial properties in the area.
DIJ Properties will implement a strong capital expenditure program to renovate and remodel the assets. This program will concentrate on implementing security including gated access, illumination, courtesy police patrol as well as creating picnic areas, professional fast-soccer courts, remodeled swimming pools, colorful playgrounds, and fully remodeled units.
“We are excited to announce our acquisition of Parque Rio, TX. The property is located in a high demand area climbing steadily where we believe we can provide dignified and safe living to our residents and unlock value for our investors,” stated Gerald Jorge, the Chief Financial Officer at DIJ Properties.
About DIJ Properties- Headquartered at Miami, DIJ Properties is a renowned asset management company which owns, acquires and manages multifamily apartments across the US. The company offers full-service property management services, comprehensive landscaping, maintenance and professional accounting services. The firm also guides investors with strategic corporate branding and advertising campaigns to attract quality leasing traffic, lead management and information management services.
DIJ achieves significant internal rates of return for investors and has vast asset management experience with a successful 300+ million-dollar transaction volume.