Multifamily

FATE, TEXAS — Tampa-based investment firm American Landmark has purchased Prose Eastgate, a 366-unit apartment community in Fate, a northeastern suburb of Dallas. Built in 2023, the property offers one- and two-bedroom units that are furnished with stainless steel appliances, granite countertops and walk-in closets. Amenities include a pool, outdoor grilling and dining stations, resident lounge, entertainment kitchen, a fitness center, business center, dog park and package lockers. The seller and sales price were not disclosed, but Prose is the workforce housing brand of Alliance Residential. American Landmark has since rebranded the property as Jameson Apartments.

DALLAS — A partnership between Waterford Property Co., The Vistria Group and the City of Dallas Housing Finance Corp. has acquired Axis Kessler Park, 299-unit apartment community in West Dallas. The sales price was $67 million. The new ownership plans to convert the property to workforce housing, with rents for all but 10 percent of the residences to be restricted to households earning between 60 and 140 percent of the area median income. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, clubhouse, fitness center, business center and a dog park. John Makus of CBRE represented the undisclosed seller in the transaction. Walker & Dunlop originated an undisclosed amount of Freddie Mac acquisition financing for the deal.