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San Benito Apartments The San Benito property is located in the Little Forest Hills neighborhood near White Rock Lake.

DALLAS—Yet another example of a multifamily acquisition of an asset with rents at below-market levels is San Benito Apartments. The rents were 40% below market, the buyer tells GlobeSt.com. This off-market transaction was made possible due to the purchaser’s compelling offer, which included an initial non-refundable earnest money deposit and expedited feasibility period.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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