A strategic joint venture partnership between Anthem Development and ATX Acquisitions has acquired Eleven600 Apartments, a 216-unit apartment building located at 11600 Audelia Road in Dallas, Texas. The price was not disclosed.
The location of Eleven600 Apartments provides easy access to major commuting routes like US-75 and I-635. Community amenities include pet-friendly apartments, a well-equipped fitness center, a refreshing swimming pool, a lively playground, and an on-site soccer sports court.
The joint venture partnership intends to implement strategic enhancements to the property, including upgrades to common areas, amenities, and resident services, aimed at elevating the overall living experience and maximizing returns for investors.
Anthem Development, A Beck Ventures Company, is a boutique multifamily development firm based in Dallas, Texas. Our expertise includes real estate finance, development, construction, and management. With Beck Ventures, developers of The Town of Trophy Club and Dallas Midtown, and founders of Capital Senior Living (NYSE:CSU) and United Texas Bank, Anthem Development seeks to build on the legacies before it.
ATX Acquisitions was founded in 2021 by Peter Rex to pursue opportunistic real estate investments through a value investment strategy that prioritizes cash flow and risk mitigation. Peter began investing in real estate in 2005 and in 2011 founded Avesta, doing business as InvestRes, which is a fully integrated residential real estate company focused on long-term value creation in carefully selected growth markets. Under InvestRes, over 17,000 units were acquired, totaling over $2B in assets under management.
