Friday, November 08, 2013

Dallas’ Ashton apartment tower in Uptown sells to property investor Invesco

The Ashton apartment tower (on the right) is located across the street from the Crescent in Uptown.(DMN files)
One of Uptown’s top apartment towers has a new owner.
The 21-story Ashton high-rise on Cedar Springs Road across from the Crescent has been purchased by Invesco Real Estate.
The 267-unit apartment building is one of the most popular rental addresses in Dallas’ hot Uptown district.
Invesco bought the building from Sentinel Real Estate Corp. of New York which has owned the property since 2006.
Terms of the sale have not been disclosed. The last time the building traded it went for more than $100 million.
By Steve Brown