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Old, but sold: North Texas multifamily portfolioOld, but sold: North Texas multifamily portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205812018-07-17T05:00:00Z2018-07-17T23:15:00Z

​​DFW – Exponential Property Group acquired an eight-property, 2,048-unit portfolio in North Texas from Canadian-based Berezan Investments. 

The portfolio traded for the first time in 28 years.​

Built between 1977 and 1985, most of the communities in the Quality Estates Value-Add Portfolio feature swimming pools, parking spaces, playgrounds, and laundry facilities. 

The properties included in the transaction are located in the following cities:

Quality Estates Value-Add Portfolio.Arlington:
  • Cedar Point of Ar​​lington, 272 units.

Fort Worth

  • The Woodlands, 346 units;
  • Marine Creek, 248 units;
  • Normandale Manor, 122 units;
  • Emerald Hills, 276 units.

Garland:

  • Pecan Knoll, 358 units;
  • Broadway Manor, 134 units.

Grand Prairie:

  • Quail Ridge, 292 units.
Multi-Housing News
Dallas-Fort Worth-Arlington
Multifamily
https://www.multihousingnews.com/post/ipa-brokers-2000-unit-texas-portfolio-deal/

S​ee also: Dallas-Fort Worth-Arlington Multifamily Market Research​.

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