Recent Apartment Sales In Dallas

By Author: Patrick Oconnor
Total Articles: 42
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Real Estate remarks a measurable change in the market conditions prevailing in Dallas. In the entire market 13 multifamily properties were sold in the month of December. In December 2010, 45 properties had been sold. In terms of square-feet total sale have decreased by 3,233,112 square feet to close at 2,158,626 square-feet in December 2011. Some of the recent sales include:

In December 2011, Colonial Properties Trust has purchased Waterford Place, a 312-unit, Class A apartment community located at 1701 East Hebron Parkway, in the Carrollton submarket, from Davis Development. The garden style property is situated on 16.20 acres. The almost one-year-old property is 52% occupied. The community features one-, two-, and three-bedroom units, ranging in size from 802-1,489 square feet and rental rates ranging from $1,099 to $1,549. Property amenities include swimming pool, access gates, fitness center, parking garage and 24-hour emergency maintenance services. Unit amenities include Hard Wood Floors, Garden Tub, patio/balcony, intrusion alarms, ceiling fans and microwave. Pets are allowed at the community, with a breed limit ...
... of two and a combined weight limit of 40 lbs.

Another significant sale from that month is the sale of Woodchase. Brown Woodchase LLC has purchased Woodchase, a 258-unit, Class C apartment community located at 1000 East Ash Lane in the Eules submarket, from Woodchase Assoc LP, an entity of The Praedium Group LLC. The 26-year-old property is 94% occupied. The garden-style, convention type property is situated on 11.63 acres. The community features one-, and two-bedroom ranging in size from 560-1,277 square feet and rental rates ranging from $539-$1,070. Property amenities include Cinema rooms, swimming pools, school bus pick-up, park & ride nearby playground and sauna. Unit amenities include Dishwasher, mini-blinds, pantry, Frost free and Ice maker. Pets are allowed at the community, with a breed limit of two and a combined weight of 50lbs with pet fee of $15. Parking space is not available for this property.

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