Creekside South is a 252-unit multifamily community located in Wylie, Texas, within the Dallas-Fort Worth MSA. Built in 2014, the property is a newer vintage asset positioned in one of the most consistently growing suburban corridors in North Texas, benefiting from strong household income demographics, proximity to major employment centers, and the continued residential expansion of the northeastern Dallas-Fort Worth submarket.
Creekside South is held within APTA 37P Fund I, a multifamily fund co-managed by Apta Investment Group and 37th Parallel Properties. The property was acquired in July 2022 with fixed-rate MetLife financing, providing full interest rate certainty across the hold period. 37th Parallel Properties serves as the operating partner, and the property is managed by the most tenured and stable on-site staff across the fund portfolio.
The Dallas-Fort Worth metroplex is one of the most economically dynamic markets in the United States, consistently ranking among the top metros for job creation, population growth, and corporate relocations. Wylie sits in the northeastern quadrant of the DFW metro, a submarket that has attracted significant residential investment driven by top-rated schools, lower cost of living relative to inner suburbs, and easy access to major employment nodes including the Telecom Corridor, Legacy Business Park, and Plano’s corporate campus concentration.
The business plan focuses on completing the Rent & Design unit upgrade program, continuing to leverage the property’s fully staffed and longest-tenured management team in the fund, and executing targeted capital improvements to maintain and improve the asset’s competitive position in the submarket. In 2024, the team completed LED signage upgrades and an exterior building foundation repair, alongside 18 Rent & Design unit upgrades. The property’s operational stability provides a strong foundation for continued rent growth through the hold period.
Multifamily investments offered through our strategic partnership with 37th Parallel Properties.
