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Florida buyer tees off at Fairways in Grand PrairieFlorida buyer tees off at Fairways in Grand Prairiehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=37742014-06-27T07:31:00Z2014-06-27T06:15:00Z

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.

Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
http://bizbeatblog.dallasnews.com/2014/06/florida-investor-buys-grand-prairie-apartment-community.html/Read more at {Source}

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