Greysteel Arranges Sale of Dallas Multifamily Community
- Feb 02, 2016
Dallas—Greysteel recently arranged the sale of Highland Hills, an 100-unit multifamily community in Dallas. The company’s multifamily investment sales team served as exclusive advisor and agent to Highland Hills Apartments LLC for the disposition to Mountain Creek View Apartments LLC.
Built in 1974, Highland Hills is a garden-style community located in the southern region of Dallas County and conveniently placed near Interstates 20, 35E, and 45, providing easy access to downtown Dallas and the Dallas-Fort Worth Metropolitan area. The property offers community amenities for residents such as covered parking, a swimming pool and playground, high speed internet access and a laundry facility.
“Highland Hills Apartments underwent a significant rehab since being acquired in 2012 by the previous owner and will allow the new buyer better economies of scale with their growing portfolio in the submarket,” said Doug Banerjee, director at Greysteel, in a prepared statement.
Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill led the Greysteel multifamily investment sales team on the sale.
Images courtesy of Greysteel