Knightvest Capital, a multifamily investment firm, announced the acquisition of the Ardan community in Dallas, TX.
Built in 2018, the Class A, 389-unit high-rise community is located in the desirable West Village neighborhood of Uptown Dallas. Knightvest plans to implement a comprehensive value-add renovation program at Ardan, investing significant capital to modernize the large indoor amenity space, including a full upgrade of the clubhouse, fitness center and pool area to better compete with newer luxury product in the submarket. A select number of units will also be renovated to a premium finish level, complemented by enhancements to common areas, landscaping and technology offerings such as smart home features and bulk Wi-Fi. Together, these improvements are designed to elevate the resident experience and firmly position Ardan within the top tier of the Uptown Dallas market.
“At Ardan in Uptown, we are genuinely excited to continue our strategy of acquiring premier institutional-quality properties at deep discounts to replacement cost. These opportunities allow us to deliver exceptional value to our investors while positioning high-quality assets for long-term growth and outperformance in a recovering market,” said David Moore, Knightvest founder and CEO.
Situated in one of Dallas’ most affluent and walkable neighborhoods, Ardan provides residents with immediate access to Uptown, Downtown, Knox/Henderson and the Katy Trail. The acquisition further deepens Knightvest’s footprint in Dallas’ urban core, positioning the firm to drive performance through concentrated market knowledge and a proven track record of execution.
