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DALLAS — Willow Pond Apartment Homes, a 387-unit multifamily community located in Dallas, has been sold. The rental property is situated on 13 acres at the corner of Northwest Highway and Abrams Road. It was acquired by an investment group sponsored by Clark Willingham of Dallas. The new owner plans to launch a capital improvements program and continue to operate the community as affordable housing. Tim Kay of Kay Commercial represented the buyer. The undisclosed seller was represented by William Coolidge of Coolidge & Associates. The acquisition price was not disclosed.