First Look: Another California-Based Investment Group Enters Dallas’ Hot Residential Market
Banyan Residential investment has plans for two multifamily developments in North Oak Cliff, marking a more than $120 million investment.
By
Ellie Beeck
Published in
Commercial Real Estate
May 11, 2021
12:00 pm
North Texas’attractive multifamily residential real estate market has drawn in another California-based investor. Los Angeles-based real estate investment group Banyan Residential has broken ground on a $59 million development the first of two apartment communities it’s planning in Dallas’ North Oak Cliff neighborhoods.
Located at 1710 N. Beckley Ave., the multifamily project will bring 279-unit to the neighborhood. The property is being developed in partnership with the national development company Milhaus, which is also making its grand entrance into the DFW market. The site is located within a Qualified Opportunity Zone (QOZ), established by the Tax Cuts and