LBJ

Property Overview: LBJ is a class A+ Multifamily development opportunity located in Dallas, Texas, situated on approximately 8.5 acres at the interchange of Dallas North Tollway and the LBJ Freeway. The site is currently occupied by 3 office buildings and a parking garage.

Investment Overview: Acram began master leasing the LBJ site (5550 Lyndon B Johnson Fwy) in December 2022 and secured rezoning for residential use. In partnership with Trammell Crow Company, the office campus was fully vacated and prepped for redevelopment. The existing tower and adjacent 6-story buildings will be demolished to make way for two phases of wood-frame multifamily construction totaling 716 units—399 in the East building (Phase 1) and 317 in the West (Phase 2). The existing garage will be retained, reducing costs for structured parking. Located in a prime infill area of Dallas, the project is well-positioned to benefit from strong population and job growth, with limited competing supply at delivery.