Performance Properties, LLC is a Dallas-based real estate investment and management company founded by W. Thomas McQuaid in 1973. Though we have had significant forays into office and retail properties over the years, multifamily has always been the core of our business and we have built, demolished, developed, renovated, converted to condos, and/or repositioned tens of thousands of units in our 40-year history. In 1999, David McQuaid, the President of Performance Properties, began acquiring apartments in East Dallas, which for years had been a run-down and crime-ridden neighborhood, for future redevelopment. Over the course of approximately five years, Performance and its partners acquired and repositioned over 1,100 apartments in this neighborhood sitting on nearly two million square feet of land in the path of progress… all of it just five minutes from downtown Dallas. Performance has sold much of what we acquired to various developers who demolished the older apartments to build new Class A properties in their place, but continues to be active in this now-vibrant neighborhood.
Performance Properties assembles land and operates apartments and land in Dallas. Performance Properties is focused on the redevelopment of urban neighborhoods of Dallas / Fort Worth as well as repositioning value-add apartments throughout the DFW Metroplex. As the urban neighborhoods have continued to redevelop, Performance has broadened its horizons to include other neighborhoods throughout the DFW Metroplex…most with a future redevelopment component.