656-Unit Honey Creek buzzes North Dallas sale656-Unit Honey Creek buzzes North Dallas salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35532014-07-22T12:14:00Z2014-07-22T10:00:00Z

DALLAS - Drever Capital Management has sold Honey Creek, a 656-unit workforce housing community in North Dallas, after a $3.7 million, seven-year redesign and repositioning that saw the occupancy rise from 80 percent to 94 percent.

The three-story, 22-acre multifamily community was acquired by B.H. Management. By transforming the Class C property to a Class B property, Drever Capital was able to generate a healthy amount of attention from across the nation.

Honey Creek, which sits at 11611 Ferguson Rd. off I-635, was purchased by Drever in 2007.

A new children’s playscape was installed, the leasing office and clubroom were modernized, a resident computer equipped business center was added, along with a new camera-equipped security system, privacy access gates, and reserved parking.

Honey Creek primarily serves families with workforce incomes.

Dallas-Fort Worth-Arlington
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