Pure Multi-Family REIT Buys Arlington Apartments with $15M Loan
Get the latest trends for Dallas/Fort Worth CRE with GlobeSt.com Houston coverage. Get the news that matters to you delivered daily.
ARLINGTON, TX-A Canadian investor has picked up two apartment communities in Arlington. Vancouver-based Pure Multi-Family REIT LP acquired the Springmist and Sunset Point apartments on Randy Snow Road. The two apartment communities, which comprise 408 units, are 97% occupied.
HFF LP arranged $15.97 million in financing for the acquisition through Freddie Mac. So far, Pure Multi-Family REIT has spent more than $69 million to acquire over 1,000 apartment units in the Dallas-Fort Worth area. For the full story, go to Dallas Morning News .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Multifamily is booming. Find out what's on the horizon for owners, developers, investors and managers on February 24-25 at RealShare APARTMENTS EAST. Network with your peers from across the country.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.