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Austin billionaire Michael Dell sells Dallas apartments Austin billionaire Michael Dell sells Dallas apartments https://www.recenter.tamu.edu/news/newstalk-texas/?Item=267632021-11-16T06:00:00Z2021-11-16T16:00:00Z

​​DALLAS – Michael Dell’s family investment fund, MSD Capital, sold the Armstrong at Knox apartments at 4525 Cole Ave. to Madera Residential.

The 165-unit rental community was built in 2014 ​on top of a retail strip that includes a Trader Joe’s grocery store.

The purchase was financed with a $47.9 million mortgage provided by a fund sponsored by CBRE Investment Management.

Texas logoThe Texas Real Estate Research Center​​​​ has more multifamily news online for free:

​Source: Dallas Morning News

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Dallas-Fort Worth-Arlington
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