Knightvest Capital announced it has acquired the Ardan, a Class A high-rise apartment community located in Uptown Dallas, expanding its Dallas-Fort Worth portfolio to more than 10,000 units.
Built in 2018, the 389-unit property is situated in the West Village neighborhood, one of Dallas’ most affluent and walkable areas, with access to Uptown, Downtown, Knox/Henderson, and the Katy Trail. The acquisition reflects the firm’s continued focus on acquiring high-quality multifamily assets at discounted replacement costs in key urban markets.
Knightvest plans to execute a comprehensive value-add renovation program at the property. Planned upgrades include modernizing indoor amenity spaces such as the clubhouse, fitness center, and pool area, along with enhancements to landscaping, common areas, and technology offerings, including smart home features and bulk Wi-Fi. Select units will also be upgraded to premium finishes to better compete with newer luxury developments in the area.
The acquisition strengthens Knightvest’s footprint in Dallas’ urban core and aligns with its broader strategy of repositioning institutional-quality assets to drive long-term growth and performance.
KEY QUOTE:
“At Ardan in Uptown, we are genuinely excited to continue our strategy of acquiring premier institutional-quality properties at deep discounts to replacement cost. These opportunities allow us to deliver exceptional value to our investors while positioning high-quality assets for long-term growth and outperformance in a recovering market.”
David Moore, Founder and CEO, Knightvest Capital
