Olympus Property acquires Union at Carrollton Square

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Dec 09, 2014, 03:18 ET

SAN FRANCISCO and DALLAS, Dec. 9, 2014 /PRNewswire/ -- Olympus Property has announced the acquisition of Union at Carrollton Square, a 311-unit luxury Class-A apartment community centrally located in downtown Carrollton, Texas from High Street Residential, the residential subsidiary of Trammell Crow Company, one of the nation's largest commercial developers and investors. High Street Residential completed the project in two phases in 2013 & 2014 making it the City of Carrollton's first and only transit-oriented development.

View of the newly constructed pool and outdoor patio space at Union at Carrollton Square.

Union at Carrollton Square redefines high-end spacious living featuring three brand new residential apartment buildings, a five story access controlled parking structure, and 4,700 square feet of ground level retail space. The property offers two resort-style pools, two well-manicured courtyards, an outdoor fireplace with lounge seating and grilling area, access to running and biking trails, a state-of-the-art club house and fitness center.

"Union at Carrollton Square is a beautiful property in a growing submarket of Dallas. It is not only strategically positioned in the Dallas market, but provides state-of-the-art amenities," stated co-founder of Olympus, Chandler Wonderly.

Situated on approximately five acres of prime real estate in the growing Carrollton community, Union at Carrollton Square sets a new standard for upscale living by offering unique floor plans ranging from comfortable studios to impressive two-bedroom residences. This newly constructed Class-A asset provides its residents the highest quality finishes available in custom home design, including granite countertops in kitchen and baths, stainless steel refrigerators, single or double stainless steel sinks, tile back-splashes, two-inch plantation-style blinds, 9 and 10-foot ceilings, and contemporary lighting fixtures.

Geographically, residents of Union at Carrollton Square have unparalleled access to multiple freeways and are centrally located to major points of interest in Dallas. Located only 14 miles north from downtown Dallas, the property is adjacent to the Green Line DART light Rail Station, which provides residents a short commute to Uptown, downtown Dallas, and the Las Colinas Urban Center and to DFW airport.

Co-founder Anthony Wonderly said, "We are continuing to acquire properties in our home state of Texas as its phenomenal growth story continues to make the market attractive. We are proud to be acquiring such a beautiful living community."

Union at Carrollton Square is the third property to be added to Olympus Property's fourth fund, WW Olympus Property IV, LLC. The investment structure will offer investors an opportunity to diversify among five to six "Class-A" multifamily assets in strong markets throughout the United States. The opportunity is available for new investors immediately and offers an attractive return with an experienced owner/operator.

To learn more about becoming involved and diversifying your portfolio with Olympus Property, please contact Braden Barr at 415-689-5855 or at [email protected].

About: Olympus Property

Olympus Property, founded in 1992, is a fully integrated real estate investment firm, which is focused on the acquisition, management and timely disposition of high quality multi-family communities. Over its 22-year history, the company has become a successful and recognized name in the multifamily industry. Olympus currently owns and manages over 9,000 units across 9 states including Texas, Florida, Oklahoma, Arizona, South Carolina, Tennessee, Georgia, New Mexico, and California.

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SOURCE Olympus Property