DALLAS-Metropolitan Capital Advisors in Dallas has secured $3.5 million in financing for the acquisition and improvement of Wellington Place, a rental project consisting of 164 units on Forest Lane in Northeast Dallas. A newly formed investment joint venture has plans to start renovation of the property soon.
Dallas-based KV10 Wellington LLC, an associate of Knighvest Holdings, acquired the apartment complex from LNR Partners of Florida in mid-August. LNR Partners foreclosed on Wellington Place in 2010. For the full story, go to Dallas Morning News .
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