DALLAS, March 2, 2020 /PRNewswire/ -- Nicholas Residential LLC is pleased to announce the recapitalization of The Park at Bellevue multifamily property in west Fort Worth. This transaction will provide a capital infusion for both The Park at Bellevue and sister property, Bellevue Chase, in the Las Vegas Trail area.
"Through further investment at these properties and ongoing direct involvement with the community and the Las Vegas Trail Revitalization Project (LVTRise), this transaction will allow us to provide further improvements to the interior and exterior of the property to enhance the quality of life for our residents, community and stakeholders," said Paul Panza, President and CEO of Nicholas Residential.
The recapitalization adds to the firm's commitment to the LVTRise Public Improvement District (PID). The PID will increase public safety, create a community civic center, add public health resources and provide economic opportunities. Together, these investments will empower the community to thrive.
About Nicholas Residential
Nicholas Residential LLC is a fully integrated, privately held real estate investment firm headquartered in Dallas, TX. Nicholas invests alongside institutional and private clients in value-add and opportunistic workforce apartment communities in major metropolitan areas across the Sunbelt, with approximately $400 million of assets under management.
Nicholas Residential, in partnership with its wholly-owned subsidiary Bellevue Realty Management, strives to produce compelling risk-adjusted returns with current dividends while strengthening neighborhoods through a variety of community outreach and social development programs.
For more information please visit us at www.NicholasResidential.com.
SOURCE Nicholas Residential