500 Flats (Woodridge Apartments)

Address: 500 E Loop 820, Fort Worth, TX 76112
Market: Dallas-Fort Worth, TX
# of Units: 248
Acquisition Date: December 17th
Project IRR: 41%

Built in 1982, 500 flats is a 248- unit garden-style apartment community, located in Fort Worth, Texas. Located in Woodhaven, a thriving and family-friendly neighborhood with close proximity to retail, schools, libraries, and parks, GLHP saw a great investment opportunity. Due to the strong Dallas-For Worth economy, strong cash-on-cash yield, and rare value-added opportunity, GLHP was excited to take on this asset. GLHP executed renovations to 500 flats including an interior rehab, unit conversion cost, solar screen, signage, playground, gym/fitness center, parking lot, clubhouse, laundry room renovations, and more.