Keyway Acquires Three More Multifamily Properties In Dallas
NEW YORK (PRWEB) June 22, 2023 -- Keyway, the AI-powered real estate investment platform, today announced the acquisition of three multifamily properties in the Dallas-Fort Worth area. The three properties – Garrett on the Green, The Republic at San Jacinto and The Courtyards at Lower Greenville – collectively include 78 units and have benefited from a complete renovation in 2020, including investments in roofing, foundations and exteriors to bring the properties to new-construction condition. The properties include studio as well one- and two-bedroom residences, all with renovated interiors and on-site amenities such as a furnished courtyard, onsite maintenance and private parking.
For the past two years, Dallas has led the nation with $44 billion in total multifamily sales, pointing to the burgeoning demand for multifamily housing to accommodate the region's strong population and job growth.
Located just two and a half miles east of downtown Dallas, East Dallas is a thriving hub for work, life and play with close proximity to Lower Greenville, Knox/Henderson, Uptown and Deep Ellum. Thanks to its up-and-coming communities, cultural attractions and nearby employment centers, East Dallas provides an attractive alternative for renters priced out of the Uptown, Park Cities and downtown areas.
"These acquisitions reinforce our thesis that there are unique investment opportunities available in the Dallas-Fort Worth region," Keyway CEO and Co-Founder Matias Recchia said. "Keyway is committed to making the most promising small-scale commercial real estate properties accessible to investors, and with these acquisitions, we are proud to have met that goal again."
Keyway aggregates and centralizes highly-fragmented market and property data into a single solution capable of handling an entire commercial real estate transaction. The company's technology platform – which is powered by AI, machine learning and data science – connects sourcing and deal flow, market and property research, underwriting, transacting and asset management. This provides Keyway and its investors with a significant competitive advantage when navigating small-scale commercial real estate transactions as Keyway can accelerate the investment process and close deals quickly and more efficiently.
“We are excited to expand our footprint in Dallas,” Chris Duffy, Keyway’s Managing Director of Multifamily Investments, said. “East Dallas is one of the top multifamily markets in the country and is rated A++ by Green Street based upon ten variables, including fiscal health, desirability, human capital, and supply and demand. We look forward to investing further in Dallas as we scale our portfolio.”
About Keyway:
Keyway is the AI-powered real estate investment platform. The company has raised $40 million from leading VCs in Proptech, including Camber Creek, Canvas Ventures, Parker 89, Thomvest, Montage Ventures, FJ Labs, and Crosscut.To learn more about Keyway, visit http://www.whykeyway.com.
Alexandra Elich, Kingston Marketing Group, 54 11 5060 8837, [email protected]
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