|315-Unit Lakeside at Coppell paddles to 'sold' for $60.5M||315-Unit Lakeside at Coppell paddles to 'sold' for $60.5M||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=10832||2015-10-15T05:00:00Z||2015-10-15T15:00:00Z|
COPPELL - Steadfast Apartment REIT has acquired Regency by the Lake — to be renamed "Lakeside at Coppell" — a 315-unit apartment community located at 620 N. Coppell Rd for $60.5 million.
Built in 1999 on an expansive 35 acres, Lakeside at Coppell includes 45 two-story apartment buildings with one, two-, three- and four-bedroom units.
The Lakeside Property is comprised of 90 one-bedroom apartment homes, 135 two-bedroom apartment homes, 45 three-bedroom apartment homes and 45 four-bedroom apartment homes that average 1,221 sf with an average monthly rent of $1,698.
Lakeside at Coppell was 96.2 percent occupied as of the beginning of October 2015.
|Multi-Housing News||Dallas-Fort Worth-Arlington||Multifamily|| http://www.multihousingnews.com/news/steadfast-apartment-reit-acquired-community-in-dfw-metro/1004129417.html|
Also see Yahoo! Finance.