REBusinessOnline

JOINT VENTURE ACQUIRES NINE-PROPERTY MULTIFAMILY PORTFOLIO

DALLAS, FORT WORTH, HOUSTON AND SAN ANTONIO – New York-based AREA Property Partners and Atlanta-based Wood Partners, in a joint venture, have acquired a nine-property multifamily portfolio in Texas, totaling 2,589 units. Five properties are located in the Dallas-Fort Worth metroplex, three in Houston and one in San Antonio. Built between 1997 and 2007, the properties range from studio to four-bedroom apartments with an average apartment size of more than 1,100 square feet. Included in the purchase are Mansions at Stonebridge, Mansions by the Lake, Mansions by the Vineyard, Villas on the Green and Estates at North Richland Hills, all in the Dallas-Fort Worth area, specifically in Coppell, Euless and North Richland Hills.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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