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, February 06, 2015
Berkshire Affiliate Acquires Dallas Apts.
An affiliate of Berkshire Group has acquiredAura Medical
District, a 325-unit class-A apartment community in Dallas, from Trinsic
Completed this year and located in the Medical District, the
property will be rebranded as Berkshire Medical District. Terms of the
transaction were not disclosed.
“Dallas, in our view,
is a market with solid job growth and a large educated workforce," Eric
Draeger, managing director/head of transactions for Boston-based Berkshire
Group, told GlobeSt.com. "Further, Aura Medical District is a
high-quality, class-A residential development in a desirable, urban
live-work-play setting. The community is in close proximity to major employment
centers including Downtown Dallas, Uptown Dallas, Love Field and Dallas Medical
District, as well as entertainment and retail. We believe these factors will
prove attractive to residents and make this acquisition a compelling
The property is a garden-style community consisting of 10
3-story, and two 2-story residential buildings with a variety of apartment
configurations. Berkshire Medical Center offers residents a clubhouse with
conference centers, exercise room, business center, pool area and dog park.
Berkshire Communities, the property management division of
Berkshire Group, will manage the apartment community.