Lakes and windscape sold in Midland

MIDLAND – The Lakes and Windscape Apartment Homes, both built in the early 1980’s, have been sold to affiliates of Stoneleigh Companies LLC. The Class B communities were each 97 percent occupied at time of sale.

The properties total 478 units. Demand for rental units is extremely high due to the city’s exceptional population growth — in a recent study, CNN ranked Midland as one of the fastest growing cities in the country.

ARA Dallas arranged the sale.

Read more at MultifamilyBiz.