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Waterton Acquires Four Multifamily Assets Totaling 1,634 Units in Dallas Area

Gramercy-on-the-Park-Dallas

At 535 units, Gramercy on the Park in Dallas is the largest of the Texas multifamily properties in the sold portfolio.

DALLAS AND PLANO, TEXAS — Chicago-based Waterton has acquired four multifamily assets totaling 1,634 units in Dallas and Plano. The properties include the 535-unit Gramercy on the Park in Dallas; the 417-unit Mockingbird Flats in Dallas; the 380-unit Creekside at Legacy in Plano; and the 302-unit Lakeshore at Preston in Plano. The properties, which were built between 1992 and 2012, were acquired in a portfolio sale from a partnership controlled by CBRE Global Investors for undisclosed prices. The portfolio also included multifamily assets in North Carolina, Arizona and Virginia.

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