Multifamily Acquisition in the Fast-Growing Dallas Suburb of Allen, TX

By Reeves Simmons.
Updated Jul 24, 2023

ALLEN, Texas (PRWEB) July 24, 2023 - Formerly named Cortland Watters Creek, the 2018 construction offers 267 luxury apartments. The Allen suburb, north of Dallas, has outstanding access to an A+ rated school district, shopping, entertainment, and employment. Allens population has grown exponentially in the last decade and is not expected to slow. With tech employers like ProfitStars providing 3,000 jobs and insurance corporations like Crawford & Co. expanding their headquarters to Allen, career opportunities abound. Plus, the one-mile away entrance to I-75 connects residents to all of Dallas.

This midrise property and its resident-focused offering of amenities include:

The expansion of ones home into a modern clubhouse providing multiple work-from-home options in the business center, private conference room, and indoor/outdoor lounges

On July 18th, 2023, Sherman Residential purchased and assumed the property management. Garrett Salk, Shermans Vice President, stated:

We were able to acquire Axis at Watters Creek with an in-place Freddie Mac loan with favorable terms. The acquisition continues our firms history of investing in high-quality real estate in the Dallas-Fort Worth metro.

With a dedicated team, they look forward to creating a true sense of community for their current and future residents.

Sherman Residential has owned over 85 properties, including four others in the DFW area, and just celebrated 100 years in the real estate business. Since 1922, the family-owned company, headquartered in north suburban Chicago, has successfully managed a nationwide portfolio of multifamily properties. To learn more about its current holdings and investment opportunities, visit shermanresidential.com.

To see the difference Sherman is bringing to Watters Creek and the Dallas-Fort Worth multifamily market, schedule an in-person or live virtual tour of the property or learn more at axisatwatterscreek.com.