Harbor docks 3,100 units in DFW, Houston

DALLAS-FORT WORTH – Harbor Group International, a Virginia-based real estate investment firm, has purchased ten North Texas properties as part of a larger 12-property buy.

The acquisition also includes two properties in Houston and totals 3,100 units. The new owner plans to spend $10 million to upgrade the apartments.

Below are the properties purchased in Dallas-Fort Worth, their addresses, and the amount financed for each property (if applicable):

•  330-unit Abbey at Vista Ridge — 4747 N. Josey Lane (Carrollton)
•  364-unit Carrington Park — 3001 Communication Pky. (Plano), $36.3 million
•  180-unit Fieldcrest — 350 E. Vista Ridge Mall Dr. (Lewisville)
•  216-unit Fossil Hill — 5700 N. Beach St. (Fort Worth), $12 million
•  320-unit Sunset Oaks — 3550 Timberglen Rd. (Dallas), $19.7 million
•  216-unit Tall Timbers — 501 Sycamore Ln. (Euless), $3.4 million
•  238-unit Briarcrest — 1330 MacArthur Dr. (Carrollton), $17.2 million
•  224-unit Huntington Glen — 2900 Harwood Rd. (Bedford), $11.3 million
•  244-unit Villas at Waterchase — 165 N. Old Orchard Ln. (Lewisville), $4 million

The apartment communities were acquired from Canada-based England Group.

tag: Texas apartments