DALLAS, TX – Silverado / Noel Partners announced the acquisition of Station 3700, a 321-unit, luxury apartment community in Euless, Texas between Dallas and Fort Worth. The property, completed in 2000 and recently renovated in 2015, was bought for a total cost of 45.5 million-dollars. Station 3700 is comprised of multiple three-tale buildings, which were built inside of a gated community setting with high-end amenities and a convenient location in mind.
Station 3700 offers six distinct floor plans with an impressive selection of one, two, and three-bedroom apartments. Residents can currently delight in a generous suite of amenities, such as large closets, plush carpeting, and a private patio or balcony. Certain homes also include garden jacuzzi tubs, built-in computer desks and bookshelves, and crown molding. Every apartment is designed to allow one s personal style to shine through with fashionable touches and customizable options that set the gold standard of contemporary apartment living.
The gated community also boasts two sparkling swimming pools, fitness and business centers, a clubhouse with a cybercafé, and an outdoor covered patio area with views of the community s lush, green grounds. Residents can take advantage of many other perks, like package receiving, small term leasing, close proximity to the TRE Station, and even a Spanish speaking staff. Through all of these features and services, Station 3700 works diligently to take special care of resident needs with sophisticated luxury and modern style that go hand-in-hand.
“We are excited to expand our footprint with the acquisition of Station 3700. This highly attractive area in a prime market provides our residents with unparalleled accessibility to major employers, retailers, nationally ranked schools, key regional suburbs, and of course, the DFW Metro Area at-large. We are very enthusiastic about the plotted improvements to the community and projected return on our investment, stated Lenny Licht, Managing Partner for Silverado / Noel Partners.
The community will be managed by Noel Management Company, which has come to be synonymous with smart acquisitions with stringent criteria that ensure the success of their partners and clients. The community will undergo an extensive renovation throughout the entire grounds. Although plotted upgrades haven t been officially released, the community intends to address the exterior building, individual apartment homes, and community-wide amenity spaces.
Stephanie Allen, Vice President of Operations for Noel Management Company, stated, Station 3700 takes pride in its central location and seamless access to brilliant schools, renowned restaurants, and convenient shopping. As a pet-friendly community, we re also excited about our plotted installation of two dog parks to accommodate our residents furry friends. Along with an brilliant location and desirable offerings, the spacious units, top-notch amenities, and thoughtful features make Station 3700 well-suited for today’s home-centered lifestyle.”
Forming one of the Mid-Cities of the Dallas/Fort Worth Metropolitan Area, Euless is a suburb of Fort Worth, which lies approximately 20 miles to the west of the city. Known as Tree City USA, the citizens of Euless are proud to call its peaceful setting and many family-friendly neighborhoods home. The Stonewood/Stonecreek neighborhood, where you ll find Station 3700 specifically, is a fine example of the type of living found in Euless, Texas. With an attractive location that gives residents the best of both worlds, Station 3700 has undoubtedly become a rising star on the DFW multifamily real estate horizon.

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BOCA RATON, FL – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has bought The Cade and The Lumin, two apartment communities in Boca Raton, Fla., on behalf of its Fund VII investors. The two adjacent properties will be merged into a single community to form Bell at Broken Sound, which will be the 8th community Bell Partners owns in South Florida.
Bell at Broken Sound is situated within the Park at Broken Sound, a 700-acre commercial, residential and hospitality hub. Companies such as ADT and Office Depot maintain their headquarters close to Bell at Broken Sound, and the community is also situated near a cluster of universities and hospitals, such as Florida Atlantic University, Boca Raton Regional Hospital and Delray Medical Center. Both properties that comprise Bell at Broken Sound were built in the past two years: The Lumin in 2018, and The Cade in 2019.
“Boca Raton is not only one of the leading employment centers in South Florida, but also provides Bell at Broken Sound residents access to brilliant retail amenities and highly rated schools,” said Kary Nordholz, Senior Vice President of Investments at Bell Partners. “Bell at Broken Sound is situated in the heart of Boca Raton’s employment corridor and less than 1.5 miles from I-95, providing simple access to many of South Florida’s most desirable employment nodes. By combining the property operations, we expect to be able to achieve meaningful expense savings, which will allow us to increase NOI and make value for our investors. Furthermore, the spacious units, desirable amenities and high-quality modern features make Bell at Broken Sound well-suited for today’s work from home lifestyle.”
Bell at Broken Sound has a mix of 180 apartments and 90 rental townhomes. Each unit at Bell at Broken Sound has a private entry, energy-efficient appliances, and modern finishes including white quartz countertops and wood-finished vinyl floors. All units have in-unit washers and dryers, and select units have private direct-access garages. Community amenities at Bell at Broken Sound include two resort-style swimming pools, two 24-hour fitness centers, and a lounge equipped with two conference rooms. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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AUSTIN, TX – Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced today the acquisition of 5412 South Congress Avenue in Austin. Sitting on nearly one-acre of land, the property is the third and final property in the firm s South Congress assemblage that includes 5402 South Congress and 106 Red Bird Lane. The three properties cover the two hard corners of Mockingbird Lane and Red Bird Lane with South Congress frontage.
Located in a thriving area of South Austin, the Company s redevelopment plans for the trio of properties, encompassing nearly three acres of land, will join a mix of high-quality apartment and condo projects in the surrounding area. The plotted multifamily development will be transformative to the area, providing an iconic building with a walkable environment, further connecting this area of south congress to the very lively stretch to the north.
After we closed on the first property at 5402 South Congress, we ve had a vision to assemble this entire site and are truly excited to see it come to fruition, said Ari Rastegar, Founder and CEO of Rastegar Property Company. As Downtown Austin continues to grow in size and popularity, this assemblage of properties will provide frontage multifamily apartment units in a highly attractive central location, on one of the most well-known streets in Austin, ensuring it to be one of the most sought-after areas of the city.
As we go forward with our plotted development for South Congress, we continue to remain committed and focused on enhancing the quality of life in south Austin and providing fantastic housing for our growing population, said Hunter Floyd, Director of Design and Development for Rastegar. We know and realize the importance of quality of living, especially post-COVID. For those reasons, this project will emphasize wellness, including air quality and outdoor amenities as well as provide spaces within units that make office niches for residents working from home.
The apartments will offer a range of amenities that have a specific appeal to wellness during and post-COVID including outdoor access and common areas providing greater air circulation, and more opportunity for social distancing. Additionally, Rastegar is familiar with using new materials including special light fixtures that have ultraviolet light and antimicrobial materials such as copper.

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