Spanish Creek Apartments: 
This 302 unit apartment complex located at 3109 Chapel Creek Drive in Dallas, Texas (formerly known as The Trails) was purchased by Gillean Properties LLC in March, 2005 from 302 Trails LP for $4,200,000 with an additional rehab/upgrade allocation of approximately $2,300,000. All improvements will be performed in-house and as a result represent upgrades and long-term enhancements to the property, which far exceed the actual cost. The property is being upgraded to a very desirable and attractive blue-collar apartment community achieving rental rates comparable to any property within the submarket.