ADVENIR ACQUIRES 295-UNIT MULTIFAMILY COMPLEX IN MESQUITE

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MESQUITE, TEXAS — Real estate investment company Advenir has acquired a 295-unit multifamily complex in Mesquite, which will be rebranded Advenir@Mission Ranch. Constructed in 2002 and previously known simply as Mission Ranch, the Class A property offers one- to three-bedroom apartments featuring nine-foot ceilings, brushed nickel fixtures, wood plank flooring and fireplaces. Communal amenities include a fitness center, swimming pool, business center and social room. Virtu Investments sold the asset. The transaction marks the third multifamily acquisition for Advenir in the DFW Metroplex in the past six months.

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