Plano 181-unit Heritage sold to LA buyerPlano 181-unit Heritage sold to LA buyerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=69052013-07-02T12:34:00Z2013-07-02T10:00:00Z

PLANO - JRK Property Holdings has acquired the 181-unit Heritage at Lakeside, located at 5900 Baywater Dr. The Los Angeles buyer beat out multiple other offers for the complex.

Built in 2001, the Class A complex had been owned by tenant-in-common investors that struggled in the aftermath of the financial meltdown. In doing so, Everest Realty co-invested approximately $1.6 million in capital, which staved off foreclosure.

The Collin County Appraisal District assessed the property at approximately $22.2 million.

Read more at GlobeSt.com.

Dallas-Fort Worth-Arlington
http://www.globest.com/news/12_634/dallas/multifamily/jrk-property-buys-181-units-334900.htmlRead more at {Source}

 Search NewsTalk Texas