DALLAS-Behringer Harvard has acquired two luxury apartment communities in Texas: Briar Forest Lofts in Houston and Fitzhugh Urban Flats in Dallas. 

The sale prices were not disclosed, but industry experts estimate the properties, which total 804 units, traded for more than $110 million. Subsequent information from Behringer Harvard, however, says it paid $88 million for both.

Behringer Harvard declined to disclose the sellers, but Chicago-based Rushmore Properties LLC developed Briar Forest Lofts and Trammell Crow Residential developed Fitzhugh Urban Flats, which was formerly called Alexan Fitzhugh.

Both investments were made through a joint venture between Behringer Harvard Multifamily REIT I Inc. and PGGM Private Real Estate Fund, an investment vehicle for Dutch pension funds.

“The demographics underlying both Dallas and Houston tell a growth story,” says Jason Mattox, chief administrative officer of Behringer Harvard. “Additionally, these properties are located in two of the most dynamic areas within the metro areas. And, these are luxury properties and recently constructed.”

Briar Forest Lofts, constructed in 2008, is a mid-rise multifamily community with 352 apartment homes. It sold for $38.2 million.

Located at 13202 Briar Forest Dr., the property sits in the heart of the Westchase/Energy Corridor about 15 miles west of downtown Houston.

Situated on 5.8 acres, Briar Forest Lofts consists of a four-story building wrapped around a five-story parking garage with direct access. Residents enjoy a state-of-the-art fitness center and conference room as well as a clubhouse with art gallery, media room, wine cellar, Internet caf