REBusinessOnline

Milestone Apartments REIT Arranges $45M Property Acquisition in Metro Dallas

LEWISVILLE, TEXAS — Milestone Apartments Real Estate Investment Trust has agreed to purchase Broadstone Vista Ridge, a 372-unit, Class A apartment community located in Lewisville. The purchase price is $45 million. Built in 2006, Broadstone is 95 percent occupied, with average monthly rents of $1,050. Broadstone includes one-, two- and three-bedroom units. Amenities include a fitness center, swimming pool with an outdoor fireplace, multimedia center and a cyber cafe. Several large employment centers are located in close proximity to the Property, including the Dallas-Fort Worth International Airport, Las Colinas Urban Center and the Legacy Business Park.

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

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