December 20, 2016

Overlook at Bear Creek Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of Overlook at Bear Creek Apartments (the “Property”) in Euless, Tarrant County, TX in the Dallas-Ft. Worth MSA. The Property closed on December 20, 2016 and is comprised of a 350-unit, class B+, garden-style, multi-family apartment community consisting of 33, two and three-story buildings. The investment plan is to redevelop, renovate, and reposition the property to take advantage of the strong economic and demographic trends of the Dallas-Ft. Worth MSA market.

The Property is located in the prestigious Bear Creek neighborhood within the Hurst-Euless-Bedford (“HEB”) submarket, an approximate 20-minute drive from both the Dallas and Fort Worth central business districts. Additionally, the Property is in close proximity to retail amenities and major employment centers including American Airlines world headquarters (2.5 miles southeast of the property) and GameStop headquarters (3 miles north of the property).

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.