What is the 4315 Innovation Center project?

The 4315 Innovation Center is a 30,000 square-foot mixed-use development project in South Dallas created from a former Urban League property. Located at 4315 Lancaster Road, it serves as a community hub providing commercial office space, educational facilities, and workforce development programs through partnerships with University of North Texas at Dallas.

How much did ASREF invest in the project?

American South Real Estate Fund invested $1.8 million in the first-stage financing of the $6 million total development project. This investment was made in partnership with Emmitt Smith's E Smith Communities to transform the vacant office property into a mixed-use community destination.

What is American South Real Estate Fund (ASREF)?

ASREF is a real estate investment fund providing debt, preferred equity, and equity financing for projects in emerging low-moderate income areas across ten Southern states. It is jointly managed by SDS Capital Group (51%) and Vintage Realty Group (49%), with ASREF I having $58 million in assets and ASREF II having $50 million.

What is Emmitt Smith's role in real estate development?

Emmitt Smith is Chairman of E Smith Legacy Holdings, the parent company of E Smith Communities. He is a Certified Commercial Investment Member (CCIM) and licensed REALTOR® with over 12 years of real estate experience. His companies focus on social infrastructure development that brings lasting economic development to underserved communities.

What makes this project significant for South Dallas?

The project transforms a vacant property in an underserved area of South Dallas into a community asset that provides educational opportunities, workforce development, and commercial space. It represents a model of social infrastructure development that addresses community needs while promoting economic revitalization.

March 19, 2019

ASREF Invests in Redeveloping a Vacant South Dallas Property into Retail Amenities

ASREF invests $1.8 million to transform a vacant office property in South Dallas into a mixed-use neighborhood destination to meet community demands.

Candace Carlisle profiles ASREF’s investment to transform a vacant office property into a mixed-use community destination. To read the full article on CoStar News, click here: NFL Hall of Famer Emmitt Smith Teams With Fund to Back Under-Served Communities Nationwide.

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ASREF Invests in Redeveloping a Vacant South Dallas Property into Retail Amenities

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