ARLINGTON - The 250-unit Southern Hills Apartment Homes has been sold to Stonemark Equities. Stonemark will invest $1.3 million into renovating the property, located on Southern Hills Blvd., and rebrand it as The Mark at 2600.
The acquisition is Stonemark’s first joint venture with equity partner 29th St. Capital (29SC), a privately held real estate investment and advisory business based in San Francisco.
Planned renovations at the newly purchased Arlington community include a clubhouse, fitness center, pool, playground and exterior improvements. The firm will install new black appliances in every apartment while updating many countertops and fixtures.
The pet-friendly community has one-, two- and three-bedroom apartments.
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