LUXURY APARTMENT COMPLEX ACQUIRED

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DUNCANVILLE, TEXAS — Grubb & Ellis Apartment REIT has purchased the 216-unit Bella Ruscello Luxury Apartment Homes from Duncanville Villages Multifamily. The property, which is located at 250 E. Highway 67 in Duncanville, was built in 2007 on 10.6 acres of land. Bells Ruscello is 97 percent occupied. Features include a pool, a business center and a gym. Fannie Mae provided acquisition financing, which was secured by Berkadia Commercial Mortgage.

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