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Dallas' Rush Creek apartments to Canadian buyerDallas' Rush Creek apartments to Canadian buyerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=11522015-04-30T14:28:00Z2015-04-30T00:00:00Z

DALLAS - The 310-unit Rush Creek apartment complex at 2625 Community Dr. has been sold. Republic Funds, an Ontario-based real estate equity firm, acquired the 29-building community.

The Rush Creek apartments sit on 11 acres just off Northwest Hwy. in the Preston Center submarket. Constructed in 1966, it consists of one-, two- and three-bedroom units ranging from 450 sf to 1,350 sf.

It was 86 percent leased at the time of sale. Amenities include two swimming pools, three laundry areas, playground and a clubhouse.

Republic Funds, which targets distressed assets for value-add opportunities, plans to make upgrades to building exteriors as well as unit interiors. With the acquisition, the firm now owns more than 1,000 units in the metroplex.

CoStar Group
Dallas-Fort Worth-Arlington
Multifamily
http://www.costar.com/News/Article/Rush-Creek-Apts-Purchased-by-Republic-Funds/171051Read more at {Source}

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