The Santa Ana, CA-based investment group and ROC RealtyAdvisors, led by Gus Remppies of Richmond, VA, have closed on the296-unit Chatham Court Apartments at 7825 McCallum Blvd. and198-unit Reflections Apartments at 7815 McCallum Blvd. The94%-leased sister properties were marketed for $26.1 million by CBRichard Ellis teams in Dallas and Austin.
Triple Net and ROC weren't available for comment prior topublication time, but did say in a press release that, like the SanAntonio buy in late August, that the Charlotte, NC-based WachoviaBank provided acquisition financing for the late 1980s-era assetsin North Dallas. The Chatham and Reflections complexes, situated on22 acres, have 36 buildings in two- and three-story designs andone- and two-unit floor plans. Units range from 542 sf to 959 sf;rents go from $673 to $917 per month.
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