DALLAS - Gramercy on the Park, a 535-unit apartment community, has been sold to CBRE Global Investors.
The Class A project, located at 4755 Gramercy Oaks Dr., was completed in 2011 and is 94 percent leased.
Rents in Gramercy on the Park average more than $1,200 per month. The community offers one- and two-bedroom units.
Billingsley Co. sold the property.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.