SFO has completed the acquisition of a residential multifamily asset comprising of 304 units located in Dallas, Texas. The property benefits from close proximity and immediate access to important employment hubs and several retail and entertainment centers.
Completed in 2015, the property is located in an affluent Northern district of Dallas, which has witnessed a recent growth in economic activity fueled by a diversified and expanding industry base, a pro-business environment, favorable taxes and a low cost of living.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “Adding more than 100,000 jobs since 2012, Dallas has proven its resilience to the economic crisis as a continuously growing market with a strong competitive edge. The city is building a solid reputation as being a haven for millennials attracting both domestic and foreign residents.”
Saradar Family Office (“SFO”) is an independent multi-family office dedicated to managing, preserving and creating wealth to its clients. SFO’s main activities span over wealth management, private equity, and real estate investments.
With a sizeable portfolio of real estate assets under management across the USA, Europe and Africa, SFO has a proven reputation for successfully identifying, acquiring and managing high quality assets generating superior risk-adjusted returns. SFO has a significant and growing pipeline of real estate acquisitions in Continental Europe and the USA.
SFO is a member of Saradar Group, a diversified family conglomerate that has been at the center of the Lebanese financial sector for over 70 years.