Monday, July 07, 2014
East Dallas rental community sells to investor
An apartment company that’s been expanding its footprint in Dallas has added another property to its holdings.
South Carolina-based Greystar Real Estate has purchased the Eastwood rental community in East Dallas.
The 182-unit apartment development is located on Henderson Avenue at Belmont, east of North Central Expressway.
HFF marketed the buildings for sale. Terms of the transaction were not disclosed.
Greystar is the same company that recently bought the Cityville Oak Park apartments – a multi-block rental development on Lemmon Avenue near the Dallas North Tollway.
And Greystar is building the City Lights apartment project near downtown.
The company is one of the largest apartment operators in the United States, managing about 215,000 units in more than 100 markets.
Steve Brown- Dallas News