Michaelson Real Estate Group, LLC Chosen to Manage The Burgundy Apartments in Dallas, Texas

Michaelson Real Estate Group, LLC has been selected by a private equity fund to provide fullservice property management services to The Burgundy Apartments, a fractured condo asset located in North Dallas, Texas.

“This is a new relationship with this particular equity partner,” said Michael N. Moses, CEO of Michaelson. “The Burgundy has tremendous potential. It has an ‘inside the loop’ location near major employers and median household incomes in the area are $97,000 and greater.”

The Dallas-Fort Worth metroplex is known for its strong economy, sports and cultural opportunities. The area supports over 3.7 million workers and has added 295,000 jobs over the past 3 years. Located at 11911 Marsh Lane, The Burgundy is conveniently located near major thoroughfares including the Interstate 820, Highways 377 and 121, military bases and many major employers. The community is within walking distance to elementary schools, grocery stores, educational institutions and shopping centers. It is a short drive to the Stockyards, Six Flags, Texas Motor Speedway as well as Fort Worth Botanic Garden, Fort Worth Zoo and Fort Worth Museum of Science and History.

Built in 1972, The Burgundy has 111 units (out of 180 total included in the HOA) spread across 7.46 acres. The Burgundy has the largest units in the submarket, averaging 1.074 square feet and features a unit mix consisting of 86% two and three-bedroom units in five different floor plans with fully equipped kitchens with resurfaced countertops, brushed nickel fixtures, frost-free refrigerators, dishwashers and garbage disposals, carpeted/upgraded vinyl floors and private balcony/porches. The property also boasts a superior amenity package including two swimming pools, three laundry centers, playground and outdoor terrace.

Major recent renovations include over $500,000 in interior and exterior improvements.

Michaelson is a full service multi-family housing and commercial real estate management and investment firm. Michael N. Moses, the principal, is a seasoned real estate executive and entrepreneur with more than 30 years of experience in the multifamily market. In addition to Texas, Michaelson operates in Florida, Tennessee and North Carolina.

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