FCP and S2 Capital have acquired Oxford Park Apartments, a 308-unit garden apartment community in Irving, Texas. The off-market transaction marks the third deal in DFW in the last 12 months between S2 and FCP.
“The 1995 vintage property is extremely well located in the Las Colinas submarket of DFW and has been well maintained by the current owner. We plan to complete a significant exterior and interior renovation program to provide our residents with a top-quality apartment at an affordable price point,” said S2’s CEO Scott Everett.
FCP’s Cole Kellogg added, “FCP is extremely pleased to be partnering once again with S2 on this high-quality asset. Our partnership continues to look for investment opportunities across the multifamily spectrum throughout the state of Texas.”
Oxford Park Apartments are well-located in the Las Colinas submarket of DFW allowing for easy commuting to downtown Dallas, downtown Ft. Worth and job centers along the Dallas North Tollway. Residents also have access to nearby amenities including Whole Foods and Oxford Park is within the Carrollton Farmers Branch Independent School District.
The seller in the deal was represented by JLL.