417-Unit apartments ‘pony up’ to a sale in Dallas

DALLAS – The recently built 417-unit BLVD apartment community located on SMU Blvd. just east of North Central Expressway has just been purchased.

BLVD Apartments — located at 5600 SMU Blvd. — offer one-, two- and three-bedroom apartments ranging from 494 to 1520 sf with rent ranging from $1,030 to $2,680.

The new owners say they plan to rebrand and upgrade the property, which is within walking distance of SMU and DART’s commuter rail line.

Completed in 2012, the five-story apartment block is almost 90 percent leased. The project has retail on the ground floor.

Click Dallas-Fort Worth Market Research and Dallas-Fort Worth NewsTalk.