Colliers Brokers Sale of 158-Unit Bella Vista Park Multifamily Community in East Dallas

DALLAS, Sept. 10, 2026 — Colliers has arranged the sale of Bella Vista Park, a 158-unit multifamily community at 2700 North Buckner Boulevard in East Dallas, the firm announced. Vice Chair Mark Allen, Managing Director Todd Franks, and Senior Vice President Matthew Pastrano represented the seller in the transaction.

The property, built in 1968, spans approximately 70,200 square feet across a garden-style, two-story layout on roughly 6.1 to 6.5 acres. The sale was structured as a lender-owned transaction, with Colliers guiding the deal from marketing through close on behalf of the seller.

A Lender-Owned Asset Poised for Reinvestment

Allen described the property as an asset with meaningful upside under new ownership. "The property was lender-owned and on the cusp of becoming a great community in East Dallas," he said. "There's a large clubhouse that became a storage space for maintenance materials over the years, and the new ownership plans to revive it to host community events and after-school programs for residents."

Allen also framed the deal as a signal of current market conditions. "Bella Vista Park is a good indicator of where the market is right now. Our lender-owned listing assignments are drawing strong demand," he said. "Buyers need a total cost basis that makes sense, and a yield attractive enough to get investors off the sidelines."

East Dallas Location and Property Profile

Bella Vista Park is situated near White Rock Lake and the Dallas Arboretum, with retail and dining access at Casa Linda Plaza and Buckner Plaza. The property offers connectivity to Interstate 30, Interstate 635, and Loop 12, providing residents with commuter access to Downtown Dallas and Uptown.

The 1968-vintage community has served as an accessible housing option in one of East Dallas's established residential corridors. Its infill location and workforce housing profile are characteristics that have drawn value-add buyers in the current market cycle, where older, lower-basis assets in supply-constrained submarkets are attracting renewed investor interest.

DFW Multifamily Market Context

The Bella Vista Park transaction comes as Dallas-Fort Worth multifamily fundamentals show signs of stabilization following a period of elevated supply. Colliers' second-quarter 2026 research showed occupancy improving to 93.8% with average asking rents around $1,496. The DFW development pipeline has contracted for 12 consecutive quarters, with approximately 43,320 units under construction as of mid-year.

Broader market data points to a vacancy rate of 6.21% and net absorption of 12,180 units in the second quarter of 2026. Median sale prices across the Dallas multifamily market have been reported at approximately $175,300 per unit, with value-add and Class C cap rates generally ranging between 6.5% and 7.5%.

The Bella Vista Park sale follows a pattern Colliers has established in the North Texas multifamily market in 2026, including earlier value-add transactions such as the 152-unit Apex Apartments in Fort Worth and the 149-unit Residences at White Rock Lake in Dallas. Colliers expanded its Dallas multifamily platform in 2025 through the acquisition of GREA Dallas, bolstering its local deal flow and market coverage.

About the Brokers

Mark Allen serves as Vice Chair within Colliers' Dallas multifamily investment sales practice. Todd Franks holds the title of Managing Director, Multifamily Investment Sales, for the Texas Region, and Matthew Pastrano is a Senior Vice President on the same team. All three are based in the firm's Dallas-North office.

Sources: Colliers press release — Bella Vista Park, Sept. 10, 2026