MESQUITE AND GRAND PRAIRIE, TEXAS — S2 Capital has acquired two properties totaling 768 units in the Dallas-Fort Worth metropolitan area. CBRE’s Danny Baker and William Hubbard represented the sellers in the deals. Harry Krieger represented S2 Capital in securing financing. The properties are Falltree in Mesquite and Silverbrook in Grand Prairie.
Falltree is a 126-unit property located at 19200 Lyndon B Johnson Fwy. S2 Capital will renovate all units with stainless steel appliances, upgraded cabinetry, tile backsplash, granite countertops, wood-style plank flooring and contemporary fixtures. The clubhouse and pools will also be renovated, balcony and patio enclosures will be added and paint and landscaping will be updated.
Silverbrook is a 642-unit community located on 2934 Alouette Dr. S2 Capital plans to renovate all units with stainless steel appliances, granite countertops, upgraded fixtures and new flooring, tile and paint. Exterior amenity upgrades will include a reimagined community clubhouse, converting the tennis court into pickleball courts, new paint and balcony decking, a dog park and a pool area surrounded by grill stations and pergolas.