JLL Capital Markets secured acquisition financing for Ardan West Village, a 389-unit Class-A apartment community in Dallas’ West Village district.
JLL worked on behalf of the borrower, Knightvest Capital, to arrange floating-rate acquisition financing through Blackstone Real Estate Debt Strategies (“BREDS”).
Ardan, located at 2975 Blackburn St. in the heart of Uptown Dallas, provides residents with direct access to the region’s largest employment centers, including Downtown Dallas and the Knox District corridor. The 23-story property was built in 2018 and features 365,225 square feet of rentable space with an average unit size of 939 square feet. The community includes 284 one-bedroom units averaging 801 square feet and 105 two-bedroom apartments averaging 1,312 square feet.
The West Village location offers walkable access to retail, dining and entertainment destinations while maintaining proximity to major employment hubs. The property is situated near Katy Trail, the Dallas Arts District and Love Field Airport, with convenient access to the Cityplace/Uptown DART station adjacent to the building.
Dallas-Fort Worth continues to demonstrate strong multifamily fundamentals, with the metro area adding 67,800 new jobs in 2024 and leading the nation with 135,000 new residents. The Uptown submarket maintains an occupancy rate of 91.7%, significantly outperforming the broader Dallas-Fort Worth average.
Ardan features resort-style amenities including a pool deck, fitness center with Technogym equipment, co-working lounge, private conference room, controlled-access parking garage with electric vehicle charging stations, 24-hour concierge service and a pet spa. Units include stainless steel appliances, quartz countertops, wood-style flooring, floor-to-ceiling windows and front-loading washers and dryers.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Mark Brandenburg.
