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417-Unit apartments ‘pony up’ to a sale in Dallas 417-Unit apartments ‘pony up’ to a sale in Dallas https://www.recenter.tamu.edu/news/newstalk-texas/?Item=2252015-08-04T07:10:00Z2015-08-04T00:00:00Z

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.

Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
http://bizbeatblog.dallasnews.com/2015/07/apartment-community-near-smu-sells-to-california-based-investor.html/Read more at {Source}

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