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THE OPPORTUNITY

Dorel Laredo (the “property”) is a 424-unit class A apartment community located in the thriving city of Laredo, Texas. The property, which consists of phases built in three (3) phases from 2010 to 2015, features 20 garden-style apartment buildings that were creatively positioned around a native greenscape that bifurcates the two phases of the 20.7-acre community. Dorel Laredo presents an investor with the opportunity to acquire one of the premier properties in the market with turnkey operations, significant scale, and dynamic visibility along the city’s preferred Bob Bullock Loop.

The unit mix for the property includes 162 one-bedroom units, ranging in size from 652 to 957 square feet, 236 two-bedroom units, at 957 square feet, and 26 three-bedroom units, ranging in size from 1,162 to 1,335 square feet. The average unit size is 854 square feet.

INVESTMENT HIGHLIGHTS

  • Highly Visible Site with Native Greenscape and Full Amenity Set
  • Tremendous Access Along Bob Bullock Loop Enhances Livability
  • Quality Interiors with Clear Value-Add Potential
  • Laredo’s Robust Border Economy Continues to Drive Population Growth
  • Laredo Apartment Market Fundamentals Remain Strong

THE PROPERTY

Amenities

interior Amenities

  • Wood-Style Flooring
  • Nine-Foot Ceilings
  • Faux-Wood Window Coverings
  • Ceiling Fans
  • Fully Equipped Kitchen
  • Walk-In Closets
  • LED Lighting
  • Washer / Dryer in Unit
  • French Door to Private Patio / Balcony
  • Crown Molding
  • Carpet in Bedrooms
  • Views*

Community Amenities

  • Three Sparkling Swimming Pools
  • Business Center
  • Resident Lounge and Clubhouse
  • Picnic / Barbecue Areas
  • Basketball Court
  • Children's Playscape
  • Toddler Play Area
  • Two State-of-the-Art Fitness Centers
  • Controlled Access
  • Walking Trails
  • Exterior Breezeway
  • Happy Beginnings Childcare & Learning Center

THE location

Economic Snapshot

Demographics

The Laredo metropolitan area is the commercial hub of the South Texas Plains with the largest inland port on the United States-Mexican Border. Growing from an agricultural-focused economy along the north bank of the Rio Grande River, the region’s private sector has expanded to include retail trade, international transportation, and gas production. The economic growth and strategic location are drawing new residents from the U.S. and Mexico. Housing development has trailed demand, creating a healthy environment in the apartment market. Builders have responded accordingly by more than doubling multifamily permitting requests annually. Even with an expansion of apartment inventory, occupancy should remain elevated with the population forecast to expand more than double the expected U.S. average over the next five years.

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Investment Advisors

financing

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

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