Dallas’ Park Lane Apartments acquired by Paladin

DALLAS – Paladin Preferred Capital, an affiliate of BRC Advisors, has acquired the 97-unit Park Lane Apartments, located at 3040 Park Lane.

“This attractive C+ property is a well-maintained, 97-unit multifamily community built in 1974 and renovated in 2007,” said Ken Chong, director of capital markets for Paladin. “It sits on four acres and consists of 12, two-story townhouse-style buildings.”

Park Lane Apartments offers efficiency, one- and two-bedroom units that range in size from 550 sf to 1,300 sf and in rent from $500 to $740, according to umovefree.com.