A company called Venterra Realty is purchasing both the ilume and ilume Park retail/residential properties in Oak Lawn, and will be taking over the properties by the end of October, according to a notice sent out to residents and shared today with Dallas Voice.
According to the Venterra Realty jobs website, “Venterra Realty manages apartment communities in Texas, Georgia, Florida, North Carolina, and Tennessee, encompassing more than 14,000 units.” The notice sent to residents indicates that Venterra owns “six other communities in the Dallas/Fort Worth area.”
The notice also tells residents that “shortly after acquisition” Venterra will be making a number of improvements to the properties. Residents at ilume can expect new carpeting and painting in the hallways, restriping and power washing in the parking lot, a new bike storage area and “exterior metalwork repairs and paint. At ilume Park, the company will make enhancements to the dog park area.
Improvements at both properties will include new fitness equipment, new and improved tanning beds, remodeling in the offices and clubhouses including color and decor changes, new landscaping and ground cover, new pool furniture and outdoor sitting area furnishings, and updated Mac computers in the business centers.
Dallas Voice has reached out to Venterra Realty for comment and will update this post as soon as we talk to them.