The Monroe

Pluris appreciates that well positioned real estate is a timeless investment. When the opportunity to purchase an underperforming multi-family property near one of Dallas’ most affluent neighborhoods presented itself, our team acted swiftly to take over redevelopment.

Situated between two large Dallas employers and adjacent to the Highland Park and Love Field neighborhoods, The Monroe offers tenants townhome style living in an unbeatable location. Beyond proximity to business and local amenities, the property features direct unit access, timeless architecture and hardwood floors.

In 2022, Pluris purchased the property and immediately began renovations of unit interiors, common spaces and the grounds. By the summer of 2023, we have substantially completed common area improvements and are actively renovating individual units as leases turnover, averaging a 12% rent increase with each turnover. Occupancy at the property is steadily increasing and is expected to stabilize at 90% occupancy as renovations progress.