Riviera rivets sale into new hands | Riviera rivets sale into new hands | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=15763 | 2017-02-13T06:00:00Z | 2017-02-13T23:00:00Z | DALLAS – The Riviera at West Village apartments has been acquired. The 150,850-sf apartment complex is located at Lemmon and Cole Ave. near Turtle Creek. In 2008, New Jersey-based Equity Residential Properties Trust sold the property for $23.05 million or about $156,000 per unit. Built in 1995, the 150-unit community is across the street from the West Village retail and restaurant complex.
The property is in an area that's redeveloping from low- and mid-rise to high-rise buildings.
The Riviera is almost 97 percent leased, with average rents near $1,600 a month. The property is near the Katy Trail. | Dallas News
| Dallas-Fort Worth-Arlington
| Multifamily
| http://www.dallasnews.com/business/real-estate/2017/02/06/new-jersey-investor-snaps-uptown-apartments | | | Want more data? See Dallas Multifamily Market Research. | Source: {Source} |