GRAND PRAIRIE - Florida-based Kislak Organization has purchased the Class B, 348-unit Fairways community on SH 360. The 29-year-old community is 94 percent occupied with average rents at $1.00 per sf.
The community features one- and two-bedrooms ranging from 630 sf to 1,122 sf; average rents range from $0.91 to $1.18 per sf.
The rental project, built in 1984, sits near the General Motors assembly plant and Six Flags Over Texas.
The property will be upgraded by the new owners.
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