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Greysteel Closes Sale of 814-Unit Multifamily Portfolio in Dallas

The 656-unit Forest Cove Apartments in Dallas is one of two properties in the sold portfolio.

The 656-unit Forest Cove Apartments in Dallas is one of two properties in the sold portfolio.

DALLAS — Greysteel has closed the sale of a portfolio of two multifamily properties totaling 814 units in Dallas. The 656-unit Forest Cove Apartments was built in 1981 and offers one- and two-bedroom units, as well as amenities such as a pool, tennis court and on-site laundry facilities. The 158-unit North Creek was built in 1970 and offers one- and two-bedroom units in addition to amenities such as a pool, laundry facilities and covered parking. Both properties are located just north of Interstate 635 and east of Highway 75 in northeast Dallas. Doug Banerjee, Boyan Radic, Andrew Mueller and Andrew Hanson of Greysteel negotiated the sale, other terms of which were not disclosed.

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