Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
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.