RICHARDSON, TX-On behalf of the Connor Group, Jones Lang LaSalle's Capital Markets has completed the sale of Arboretum Estates, a 338-unit multifamily community located in the Dallas suburb of Richardson. CAF Capital Partners purchased the asset.
Managing director Jeff Price and senior vice president Bill Simmons led the JLL team on this transaction.
“Dallas' robust economy continues to drive job and population growth. The property is located in close proximity to 'telecom corridor,' which hosts the second highest concentration of corporate employers in the Dallas area,” said Price. “This has led to a high amount of renter demand and Arboretum Estates consistently maintains occupancy levels of 95%.”
Diverse floor plans are available and units may offer fireplaces, vaulted ceilings, full appliance kitchens and walk-in closets. Building amenities include two swimming pools with sundecks, a business center, a fitness center and pet park.
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