Riviera rivets sale into new handsRiviera rivets sale into new handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=157632017-02-13T06:00:00Z2017-02-13T23:00:00Z

​​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

​Want more​ data? See Dallas Multifamily Market Research. 

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