DALLAS, TX – Sherman Residential announced its acquisition of Axis Kessler Park Apartments, a 2017-constructed Class A+ multifamily community located in West Dallas, Texas.
Formerly Lincoln Kessler Park, the property is located on the west side of Dallas, one of the nation s leading centers for employment. Dallas Fort-Worth consistently ranks high among metropolitan areas for job creation and holds an unemployment rate much lower than the national average.
With Kessler Park just ten minutes from the city s central business and medical districts, residents have access to top employers, including the Federal Reserve Bank of Dallas, AT&T, Deloitte, and Morgan Stanley. Furthermore, the Oak Cliff/West Dallas neighborhood presents a vibrant mix of new dining and retail, culture, and connection to the city s urban core.
The low-density property boasts 299 larger than average units and unique benefits in the Kessler Park market, including: National Green Building Standard Silver certification; Direct-access apartment homes offering one to three bedrooms; Privacy conveniences such as individual garages or assigned carports, controlled-access gates, personal patios/balconies and yards, and complimentary virtual fitness memberships; Comprehensive community amenities, such as a 24-hour state-of-the-art fitness center, putting green, on-site retail, clubhouse with business center, resort-style pool, and fenced-in pet park; and Views of the downtown Dallas skyline and the Stevens Park Golf Course.
On January 5, 2021, Sherman Residential purchased and assumed management of the property. Scott Gould, Sherman s Senior Vice President, states:
The acquisition of the Lincoln Kessler Park Apartments continues our firm s long-term commitment to investing in the Dallas-Fort Worth metropolitan area.
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