CBRE Negotiates Sale of 250-Unit Apartment Community in Dallas

DALLAS — CBRE has negotiated the sale of Greens of Hickory Trail, a 250-unit multifamily community located about 10 miles south of downtown Dallas. The property was built in 2000 and was 97 percent occupied at the time of sale. Chris Deuillet, Chandler Sims, Jeff Kunitz and Mike Canori of CBRE represented the seller in the transaction. According to brokers, the property’s rental restrictions will phase out over the next two years, creating an opportunity for the undisclosed buyer to upgrade the property and unlock additional value.

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