Funded: Allen's 740-unit Dolce Living at Bella TerraFunded: Allen's 740-unit Dolce Living at Bella Terrahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=25232014-11-10T13:07:00Z2014-11-10T09:00:00Z

ALLEN - DLC Residential has received funding to start construction of a 740-unit apartment community planned near the intersection of Watters Rd. and W. McDermott Drive.

The Florida-based developer will build the Dolce Living at Bella Terra apartments. The first phase will have 374 units and a second phase is planned with 366 units.

The apartments will average 946 sf and are in three- and four-story buildings.

Dekel Capital and Mountain Capital Partners provided joint venture equity to fund the project, and the firms provided funding for apartment developments in Houston and San Antonio for a total of $18.5 million.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2014/11/developers-get-funding-for-740-unit-allen-apartment-community.html/Read more at {Source}

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