Tierra Del Sol is a 260-unit apartment complex located in the heart of Irving, TX. The property is centrally located near a fire department station, directly across the street from Irving High School, and less than one mile from the Irving Police Headquarters. Built in 1971, Tierra Del Sol features a favorable mix of one-, two- and three-bedroom apartments with an average unit size of 900 square feet. It is composed of six buildings on 9.31 acres of land. Amenities include a pool area, soccer field, and multiple courtyards. Tierra Del Sol is located in an area with high pedestrian and vehicle traffic. Its submarket fundamentals have been historically strong with very high occupancy. The property has a history of consistent, high occupancy, often hovering around 99-100 percent. Since acquisition, Touro has implemented a hybrid of cashflow and value-add strategies. The focus has been on upgrading classic units and improving the features of previously enhanced units as well as improvement of the exterior of the property for enhanced aesthetic curb appeal and of exterior amenities that improve tenant satisfaction. With the goal of enriching the community living experience, Touro has added a soccer field and a pergola with grills and has also remodeled the pool and enhanced the entry by updating the mural and sign.
