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.
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