FTK Launches $21.8MM Dallas Rehab

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ALLEN, Texas--(BUSINESS WIRE)--Sep 8, 2025--

FTK Construction Services, a nationwide General Contractor specializing in Affordable Housing/LIHTC projects, has launched the rehabilitation project for Royal Crest Apartments in Dallas, Texas. The property was built in 1968, is two stories, and has 167 one-, two- and three-bedroom apartments. The value of the contract is $21,841,978. The lender for the project is Capital One, and the Architect is Hooker DeJong, Inc.

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FTK Construction Services has launched the rehabilitation project for a property in Dallas, Texas.

The owner of the property is Fairstead, a national vertically integrated real estate company headquartered in New York. Fairstead is focused on building sustainable communities across the nation. They develop, own, and manage over 28,000 apartments throughout the United States.

Interior renovations will include paint, cabinetry, countertops, door hardware, plumbing fixtures, flooring, light fixtures, ADA unit upgrades and HVAC updates. Additionally, there will be electrical enhancements. Common area upgrades will be in the Leasing Office and Community Building. Exterior renovations will include accessible walkways, parking area improvements and restriping, property signage, fencing repairs, a new playground, landscaping and picnic/BBQ area, and roof replacements.

“ Royal Crest marks our first acquisition in the Dallas-Fort Worth metro area, and we are thrilled to partner with FTK on this project,” said Robert Barnard, Senior Director, Development at Fairstead. “ We look forward to the positive impact that the planned renovations and investment will have on the community.”

Jim Goodman, FTK’s CEO, shared, “ We are very pleased to be working on this Dallas project with Fairstead and their exceptional team. The collaboration throughout the Pre-Construction Phase was outstanding. Our FTK Team then structured a solid production plan to ensure this Project has a stellar completion! We’re appreciative of the opportunity with Fairstead and are anticipating many more to come. ”

About FTK Construction Services

FTK Construction Services is a nationwide full-service General Contractor, with three divisions of Multifamily expertise: Affordable Housing/Low-Income Housing Tax Credit (LIHTC) preservation projects, Multifamily Renovations and Disaster Services/Insurance related property damage restoration projects. FTK has completed or in-process projects in 35 states to date and has completed/contracted over 7,000 rehabbed units. To learn more, visit our website at ftkconstructionservices.com, and follow us on LinkedIn and Instagram.

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CONTACT: Sales Inquiries: Kim Goodman

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Press Inquiries: Kayla Prine

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KEYWORD: UNITED STATES NORTH AMERICA TEXAS NEW YORK

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY BUILDING SYSTEMS

SOURCE: FTK Construction Services

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PUB: 09/08/2025 01:34 PM/DISC: 09/08/2025 01:34 PM

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