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.
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