|Riviera rivets sale into new hands||Riviera rivets sale into new hands||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=15763||2017-02-13T06:00:00Z||2017-02-13T23:00:00Z|
DALLAS – The Riviera at West Village apartments has been acquired. The 150,850-sf apartment complex is located at Lemmon and Cole Ave. near Turtle Creek.
In 2008, New Jersey-based Equity Residential Properties Trust sold the property for $23.05 million or about $156,000 per unit.
Built in 1995, the 150-unit community is across the street from the West Village retail and restaurant complex.
The property is in an area that's redeveloping from low- and mid-rise to high-rise buildings.
The Riviera is almost 97 percent leased, with average rents near $1,600 a month. The property is near the Katy Trail.
|Dallas News||Dallas-Fort Worth-Arlington||Multifamily|| http://www.dallasnews.com/business/real-estate/2017/02/06/new-jersey-investor-snaps-uptown-apartments|
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