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
Wednesday, March 05, 2014
Dallas’ Mill Creek Residential buys apartments near Lakewood Country Club
Fast growing Dallas apartment developer and investor Mill Creek Residential has purchased a rental community near Dallas’ Lakewood neighborhood.
Mill Creek teamed up with AEW Capital Management L.P. to buy the Lakewood on the Trail apartments, a 352-unit project on Brookside Drive adjacent to Lakewood Country Club.
“Mill Creek’s acquisition philosophy is to acquire high-quality communities with redevelopment potential in irreplaceable locations in markets where we’re actively developing new communities,” said Wes Dickerson, managing director of acquisitions.
During the last two years, Mill Creek has more than 2,000 apartment homes across the country.
The company is also building apartments in several locations in Dallas, including Victory Park and near Knox Street on North Central Expressway. The Avenue H Apartments near Knox Street will open this summer.
AEW Capital Management said it made the Lakewood apartment investment for one of its institutional clients.