Brixton Capital, a vertically integrated operator of multifamily and retail properties, today announced the closing of its acquisition of Allura Las Colinas, a 2003-built, 288-unit apartment community located in the highly sought-after Las Colinas master-planned submarket within the Dallas-Fort Worth MSA.
The off-market transaction represents a compelling entry into one of North Dallas’ most dynamic and supply-constrained employment hubs. With more than 2,000 companies and nine Fortune 500 headquarters, Las Colinas is one of DFW’s strongest job centers.
Major employers include Citi, Microsoft, Wells Fargo, Fluor, McKesson, Caterpillar and Kimberly-Clark. In late 2025, Wells Fargo opened a new 850,000-square-foot regional headquarters campus just 1.5 miles from the property, bringing 4,500 employees to the area with plans for further expansion.
Brixton plans to invest in targeted capital improvements to elevate the property to core-plus standards, driving revenue growth through amenity revitalization, common area enhancements and thoughtful interior upgrades.
“Acquiring Allura Las Colinas in one of the country’s most prestigious corporate hubs is a milestone that perfectly aligns with Brixton’s long-term vision of building a durable multifamily portfolio in markets with exceptional growth fundamentals,” said Brixton’s Founder and Chairman Marc Brutten. “This investment further strengthens our presence in these high-barrier, job-rich submarkets while allowing us to create exceptional living environments that provide residents with the quality homes and experiences they deserve for years to come.”
Strategically positioned just one block from Whole Foods Market and minutes from Medical City Las Colinas, the property delivers unmatched convenience with premium retail and top-tier healthcare services right at the residents’ doorstep.
“Las Colinas continues to benefit from explosive job growth, limited new supply and exceptional demographics as one of the nation’s premier ‘Headquarters of Headquarters’ districts,” said Brixton President and Chief Investment Officer Rob Taylor. “We are excited to expand our presence in the Dallas-Fort Worth metroplex with the acquisition of Allura. Las Colinas remains one of the region’s most dynamic and supply-constrained submarkets, and we believe this investment aligns well with our long-term strategy of acquiring high-quality multifamily assets in markets with durable economic drivers and strong demographic trends.”
Brixton’s Vice President of Investments Mark Mandala added: “This acquisition underscores our commitment to scaling in high-conviction growth markets where corporate relocations and robust population growth are driving sustained rental demand. We are grateful to Greg Toro and Caroline Novak at JLL for their partnership.”
Toro and Novak represented the seller, while Brixton represented itself in this transaction.
The property will be managed by Brixton’s affiliate, United Apartment Group (UAG), which oversees approximately 33,000 units nationwide with deep expertise in the Texas market.
Tony Nargi and Aldon Cole with JLL Capital Markets secured the financing on behalf of Brixton.
About Brixton Capital
Brixton Capital is a private real estate investment company focused on generating outstanding, risk-adjusted returns by unlocking embedded value in multifamily and retail properties. Headquartered in San Diego County’s Solana Beach, California, Brixton’s leadership team averages over 25 years of commercial real estate expertise. The firm currently owns and operates a diverse portfolio of approximately $2 billion across the western United States. For more information, visit www.brixtoncapital.com.
