Presidium Group Expands Dallas Presence With Multifamily Apartment Acquisition

Dallas, TX—Clover on Park Lane (formerly known as Serendipity Apartments), located in the Vickery Meadows submarket of Northeast Dallas, was acquired by Presidium Group, LLC in September 2017.

The Class B multifamily community, located at 8780 Park Lane, was built in 1975. This 7 acre lot is comprised of 343 traditional garden-style apartment homes with building exteriors crafted from brick and stucco. While previous ownership implemented various interior upgrades in the community, Presidium Group, LLC will continue upgrading unit interiors with amenities such as stainless-steel appliances, mosaic glass backsplash, resurfaced countertops, and new plumbing / lighting fixtures.

Clover on Park Lane is composed of one and two-bedroom units averaging 610 Sq. Ft. Community amenities include two swimming pools, a billiards/game room, business center, fitness center, picnic area, laundry facility, large off-leash dog park, and nearby access to the Dallas Area Rapid Transit (DART) system.

In addition to its ideal location near a wide variety of dining, retail and entertainment, the community is just one mile East of the highly-travelled Highway 75. This location benefits from an influx of jobs and population growth to Dallas’ CBD. The property is across from Top Golf and a few blocks from Alamo Drafthouse Cinema (coming soon!). Less than one mile from the property is Dallas’ premier Northpark Mall.

Presidium continues to grow their successful Dallas Ft. Worth portfolio, with Clover on Park Lane being their 4th DFW multifamily acquisition in the last 12 months.