Park-Lane-Apartments-Arlington

CBRE Negotiates Sale of Three Multifamily Properties Totaling 466 Units in Metro Dallas

by Taylor Williams

ARLINGTON AND CEDAR HILL, TEXAS — CBRE has negotiated the sale of three multifamily properties totaling 466 units in the Dallas area. The 186-unit Biltmore Apartments and the 248-unit Park Lane Apartments are located in Arlington, and the 32-unit Cedars Apartments is located in the southern suburb of Cedar Hill. Chris Deuillet and William Hubbard of CBRE represented the seller, Macdonald Realty, in the transaction. A partnership between Legacy REI and Casa REI purchased the properties for an undisclosed price.

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