DALLAS – Overmore LLC, a California investor has purchased Villas Del Lago Apartments in a 1031 exchange. The 248-unit complex is in the Bachman Lake area.
Built in 1974 at 2911 Clydedale Dr., the property was renovated in 2015.
At the time of sale, the community was 98 percent occupied.
Marcus & Millichap represented the seller, a Dallas-based syndication group led by Jean-Marc Landau, which acquired the asset in 2015. The firm also procured the buyer.
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