UT Dallas Enters Into Contract to Purchase Waterview Park

Jun. 18, 2013

The University of Texas at Dallas has entered into a contract to purchase the Waterview Park Apartments. During the next few weeks, University representatives will be conducting inspections of the properties, which are on the University campus. The purchase is expected to be complete by July 1, 2013. The potential purchase is expected to result in operational efficiencies and help UT Dallas serve students’ needs now and in the future.  When the purchase is closed this summer, more information will be shared with the campus community.

 


 

Questions and Answers About the Purchase

Why is UT Dallas purchasing the Waterview Park Apartments complex?

As UT Dallas continues to grow and more students live on campus, the potential purchase will result in operational efficiencies and help UT Dallas serve students’ needs now and in the future.

Why does UT Dallas want to purchase the apartments now?

UT Dallas recently came to an agreement with the sellers on the terms of purchase. The proposed purchase received approval by the UT System Board of Regents in February of 2013.

What does UT Dallas plan to do with the complex?

Students will continue to live in the complex.

Will pricing change?

No immediate changes are planned. Monthly rent stays the same for the term of the current leases.

Will my lease or anything else change?

No immediate changes are planned. Your lease terms will remain the same, and the business operations including regular maintenance will continue normally.

Will this affect my scheduled move-in/move-out date?

No.

How can I pay my Waterview Park rent?

Rent payments should continue to be made as normal until otherwise notified. Please check the UT Dallas housing website on July 1 for additional information.

Will there be any changes to maintenance or any apartment upgrades?

Operations will continue as normal.

I’m scheduled to live in the Waterview Park Apartments in the fall.  Will this purchase affect me?

All previously signed leases and assignments will be honored.

When will this sale be completed?

This is a process that we hope will be completed by July 1, 2013.  More information will be shared with the campus community once the purchase closes. 

I have an additional question regarding this subject.  Whom can I contact?

Please email your questions. You can help us address your question in the most timely possible manner by typing the words “Waterview Apartments” in the subject line.

 

 


Media Contact: Office of Media Relations, UT Dallas, (972) 883-2155, newscenter@utdallas.edu
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July 26, 2014