DALLAS – A Crow Holdings investment fund acquired the 449-unit Phoenix Midtown apartments at 5555 E. Mockingbird Ln. next to DART's Mockingbird light rail station.
Built in 1998, the art deco-style rental community is on the site of the old Dr Pepper headquarters, just east of SMU and US 75.
Rents average almost $1,200 a month. The Phoenix apartments were almost fully leased at the time of sale.
Holliday Fenoglio Fowler marketed the property.
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