Friday, August 09, 2013

Florida Investor Buys Two North Dallas Apartment Communities

A Florida buyer has snapped up two Dallas apartment communities.
Pensam Capital, a Miami-based property lender and investment firm, purchased the North Dallas apartments in deals brokered by CBRE Group.
Pensam bought the St. Andrews Apartments, a 312-unit community located at 9000 Vantage Point Drive.
And the investor purchased Montclair Apartments, a 324-unit project located at 9001 Markeville Drive.
Both of the apartment projects are located near each other near LBJ Freeway and Greenville Avenue.
The properties were purchased from Chicago-based Strategic Capital Partners LLC and Crest Asset Management based in Dallas.
Read more at: Dallas News
Author: Steve Brown