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Trinity Court Apartments Trinity Court Apartments was constructed in 1982 and was 100% occupied at closing.

DALLAS—In a submarket that has older product ripe for repositioning, a multifamily asset was not broadly marketed and consequently, a North Texas-based private investor demonstrated strong business terms for a purchase. Those terms included an initial non-refundable earnest money deposit, and expedited inspection and closing timeframes.

This purchaser was looking to expand its existing Dallas Metro multifamily portfolio when it acquired Trinity Court Apartments. The 26-unit community was constructed in 1982 and was 100% occupied at closing. It is positioned within the Vickery Meadow submarket, which is located 1.5 miles east of Central Expressway and a few blocks north of Northwest Highway, near the intersection of Skillman Street and Abrams Road.

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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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