What the report says

  • The portfolio contains 539 apartments and 40,747 square feet of retail across roughly four acres.
  • JLL reported that the apartments were 94% leased and the retail component 98.2% leased.
  • JLL represented seller Exxir in the sale to Hines; the sale price was not disclosed in the release, and this was not a Prestige assignment.

Our investment lens

A combined apartment and retail portfolio can draw different buyers than either component alone. The investment case still depends on separate income, lease rollover, operating expenses, and capital needs for each use.

What to examine next

Reconcile each component's rent roll and expenses, then test how the combined basis performs under realistic renewal and vacancy scenarios.

Source & date

JLL, JLL closes sale of retail and multifamily portfolio in Dallas' Bishop Arts District, October 15, 2026.

Original source: https://www.jll.com/en-us/newsroom/jll-arranges-sale-of-bishop-arts-district-portfolio

This on-site briefing summarizes third-party reporting and adds an independent investment perspective. It does not describe a current Prestige assignment.

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