Boulevard Builders/Llagio Townhomes, L.P.
E2M Value Added Fund has invested in Boulevard Builders/Llagio Townhomes, L.P., an entity formed to acquire and develop a townhome community on a 5.3 acre tract of land in Dallas, Texas. This residential development will consist of approximately 110 threestory townhomes with proposed floor plans ranging from 1,321 to 2,082 square feet. The site sits at the northern edge of the Vickery Meadow neighborhood, which is experiencing significant redevelopment. A local Dallas development company has acquired over 70 acres of land to the west and north of the site, and is in the process of rezoning the property to mixed use, residential as well as some office uses. The firm has made this investment to take advantage of the significant activity occurring in this Dallas submarket. E2M believes this infill property located in an area experiencing such revitalization adds diversification to the portfolio.
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