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Dallas' Pavilion Townplace brings $56MDallas' Pavilion Townplace brings $56Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=40002014-06-06T13:49:00Z2014-06-06T06:45:00Z

DALLAS - The 236-unit Pavilion Townplace Apartments at 7700 Greenway Blvd. was sold earlier this year for $56 million.

Pavilion Townplace offers one-, two-, three- and four-bedroom units ranging from 748 sf to 2,427 sf. Rent ranges from $1,396 to $4,232 at the complex, which was built in 2002.

Berkshire Income Realty Inc. purchased the community from CHHC Pavilion L.P. The purchase price of $56 million was paid with a combination of the assumption of the existing mortgage on the property of $25.6 million and proceeds from Berkshire’s credit facility.

Read more at the Securities and Exchange Commission.

Securities and Exchange Commission
Dallas-Fort Worth-Arlington
Multifamily
http://www.sec.gov/archives/edgar/data/1178862/000117886214000019/form8k-2014x03x20.htmRead more at {Source}

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