Dallas: 330-Unit Elan City Centre acquired

DALLAS – Elan City Centre, a 330-unit, Class A multifamily community in North Dallas has been purchased. The buyer is Newport Beach, Calif., MIG Real Estate.

Elan City Centre consists of four three-story buildings with one- and two-bedroom floor plans, 12 townhome units and a two-story parking structure.

Elan City Centre is located at 13301 Galleria Place, with access to I-635, the Dallas North Tollway, President George Bush Turnpike and US 75.

The multifamily community is within walking distance of shopping, dining and entertainment venues within the nearby Galleria Mall. The neighboring Valley View Center, currently undergoing a major redevelopment, will provide a variety of additional venues.

Elan City Centre is the company’s sixth investment in Texas multifamily properties.