The Real Deal Miami

Kislak acquires fourth Dallas-area rental property

The firm's latest acquisition is a 208-unit apartment building in the Uptown area of Dallas
January 15, 2017 11:00AM

City views from the rooftop terrace at Routh Street Flats in Dallas

Miami Lakes-based Kislak Organization bought a 208-unit, mid-rise apartment building in Dallas, Texas, for an undisclosed price.

Kislak is the new owner of Routh Street Flats, a six-story luxury rental property at 3033 Routh Street in the Uptown section of Dallas, where Kislak owns another rental property called McKinney Uptown Apartments.

The Miami Lakes company now owns four multifamily housing properties in the Dallas-Fort Worth area. “Routh Street Flats is a beautiful property in a vibrant neighborhood, making it a perfect fit for Kislak as we grow and elevate our multifamily portfolio,” Tom Bartelmo, president and CEO of the Kislak Organization said in a prepared statement.

Routh Street Flats, built in 2015, has 149 one-bedroom units and 29 two-bedroom units. The interiors feature nine-foot ceilings and eight-foot doors. Common-are amenities include a rooftop terrace with city views, infinity pool, fitness center, business center, bike repair station, pet park, resident lounge, fire pits and picnic area.

Uptown Dallas has employment centers, retail stores, restaurants and nightlife attractions within easy walking distance of Routh Street Flats, as is the M-Line Trolley.