Dallas: New vision for 284-unit Villas on Fair Oaks

DALLAS – The Villas on Fair Oaks, a 284-unit apartment community at 7222 Fair Oaks Ave., near Greenville Ave. and Park Lane in east Dallas, has been sold.

The community is located in the Vickery Meadow area of Dallas. It offers one- and two-bedroom units ranging from 640 sf to 1,000 sf and from $500 to $650.

The community was 48 percent occupied at the time of sale.

The Villas on Fair Oaks was built in 1997 and will be remodeled by Vizao TTH Partners II LP, who purchased the community. It will be rebranded as Valenceo @ Midtown.

Torrance, Calif.-based CCC&R Investment Group was the seller.