REBusinessOnline

Michaelson Group, Partner Acquire 126-Unit Apartment Community in Dallas

Chesapeake Apartments in Dallas was 98 percent occupied at the time of sale.

DALLAS — Michaelson Real Estate Group LLC and a private equity investor have acquired Chesapeake Apartments, a 126-unit multifamily community located at 11620 Audelia Road in Dallas. Built in 1982, the property offers one- and two-bedroom units and recently underwent renovations to its roof and exterior. Amenities include two pools, a business center, picnic area and covered parking. The property was 98 percent occupied at the time of sale.

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