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Behringer pays $60M for 435-unit Lakewood Flats in DallasBehringer pays $60M for 435-unit Lakewood Flats in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=22742014-12-10T14:03:00Z2014-12-07T15:00:00Z

DALLAS - The 435-unit Lakewood Flats apartment complex at 7425 La Vista Dr. has been sold for $60.5 million.

The property, which was constructed in 2013, contains approximately 339,000 net rentable sf.

The property has 318 one-bedroom apartments with an average size of 645 sf and 117 two-bedroom apartments with an average size of 1,141 sf.

Lakewood Flats is situated on a 13.5-acre site.

The community was approximately 97 percent leased as of October 7, 2014.

Behringer Harvard Opportunity REIT II Inc. purchased Lakewood Flats from an unaffiliated third party.

Securities and Exchange Commission
Dallas-Fort Worth-Arlington
Multifamily
http://www.sec.gov/Archives/edgar/data/1387061/000110465914071729/a14-22440_1ex99d1.htmRead more at {Source}

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