Cool Mapleshade Park(s) $23M in Dallas from Calif.Cool Mapleshade Park(s) $23M in Dallas from Calif.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=44652014-04-08T07:03:00Z2014-04-08T06:55:00Z

DALLAS - The 148-unit Mapleshade Park near Hillcrest Rd. and President George Bush Turnpike has been sold for $23.3 million. The Class A units at Mapleshade Park range from 1,101 sf to 1,305 sf and in rent from $1,470 to $1,735 per month.

The property was 96 percent occupied at the time of sale.

California-based Steadfast Income REIT Inc. purchased the property, pushing its Dallas-Fort Worth portfolio to seven properties. The firm now owns 24 properties across Texas.

The sale, which included one other property in Tennessee, totaled $42 million.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2014/04/california-investor-buys-dallas-area-apartments.html/Read more at {Source}

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