DALLAS-FORT WORTH – Miami-based Eagle Property Capital has acquired two Dallas-area rental communities.
The 320-unit Residences at Northgate is at 4310 W. Northgate Dr. in Irving.
Arbor Creek is a 280-unit apartment property at 396 E. Southwest Pkwy. in Lewisville.
Both properties were built in the mid-1980s.
The purchases were financed with $55.1 million in loans arranged by Berkadia and Freddie Mac.
The Texas Real Estate Research Center has more multifamily news online for free:
Source: Dallas Morning News
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