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Texas Investors Buy Two D/FW Multifamily Projects

DALLAS – Transwestern’s Dallas-based Multifamily Investment Services Group has brokered the sale of two Class B apartment communities in the Dallas-Fort Worth area.

Transwestern Principal Taylor Snoddy and Vice Presidents Philip Wiegand and James Roberts represented the sellers and sourced the buyers in the transactions.

“Dallas continues to receive strong interest from local, national and international investment groups that are attracted to the region’s robust economy,” said Snoddy. “The Dallas-Fort Worth metro currently ranks second in the nation for job growth, and with current occupancy of 95.5 percent, DFW continues to provide outstanding returns for investors.”

A Houston-based investor bought the Residence at Midtown Apartments, a 296-unit community in Dallas. The seller was S2 Capital.

Also, Vistas at Lake Worth, a 265-unit community in Fort Worth was acquired for an undisclosed price by Presidium, an Austin-based investment group that has plans for extensive interior and exterior renovations. Lagovent Ventures Group sold the property,at 6303 Shady Oaks Manor Drive.

Oct. 27, 2016 Realty News Report Copyright 2016

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