DJI Properties Acquires Hot New Property in Dallas, Texas

DJI Properties Acquires Hot New Property in Dallas, Texas

Dallas, TX. – In its latest announcement, DIJ has made it public that it has acquired a new community in Dallas, Texas called Plaza Del Lago. The property is located close to the Northwest Highway within the “Loop” that is connected to all the suburbs. Plaza Del Lago is also situated close to the Bachman DART Station that passes through Dallas’ west corridor and connects Downtown with the DFW International Airport. The newly acquired community has 320 units with 95% occupancy rate.

The acquisition of Plaza Del Lago was announced by ABC’s spokesperson. He said, “We are proud to have acquired a new 320-unit community in one of the best parts of Dallas, just off the Northwest Highway. The community offers complete range of amenities, the best you can find in Texas.”

According to the company spokesperson, “Plaza Del Lago offers ease of access to all the facilities. Shopping malls, educational institutions, hospitals, international airport and bus line stops are just minutes from the community. It is within the vicinity of Target, Wal-Mart, Sam’s Club, and Carnival Foods. And the manufacturing hub in Dallas is also located close to it.”

In terms of commercial importance, Dallas is one of the hottest places in the country. Dallas is amongst the 12 largest metropolitan areas in the U.S. and ranks third in terms of job growth rate and number of jobs added. The company spokesperson added, “In a single year the Dallas-Fort Worth metropolitan area added over 111,500 jobs.”

Plaza Del Lago provides excellent amenities that make it one of the best communities in Dallas. Some of the key amenities on offer include swimming pools, landscaping, laundry facilities, and playground. Unique features in the units include fireplace, mini blinds, fully equipped kitchen, nickel fixtures, faux wood flooring, and pantry among others.

Dallas has a large number of corporations with Comerica Bank and AT&T having their corporate headquarters located here. The Dallas-Fort Worth Metroplex is home to 21 Fortune 500 companies. The most popular Fortune 500 companies in Dallas include AT&T, Texas Instruments, Southwest Airlines, and Affiliated Computer Services. The city has a diversified economic profile with various types of industrial sectors ranging from manufacturing to IT services to healthcare to financial.

The spokesperson further added, “Plaza Del Lago is a stable investment that has a strong history of maintaining high level of occupancy. This has been possible because of the strong and diversified local economy and very low turnover at the property.”

According to DIJ, it has raised almost the entire funds for the acquisition of Plaza Del Lago except for a very small percentage that came as agency mortgage loan. The spokesperson elaborated on the mortgage loan, “The loan accounts for a very small percentage of our overall acquisition cost. It has a 10-year term which will amortize in 30 years at a flat rate of 4.07%.”

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