X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Addison-based Behringer Harvard Multifamily REIT I Inc. has acquired a 272-unit apartment complex on the west of the Dallas North Tollway north of Addison Circle. The two-year-old Allegro rental community sits near its head office.

The purchase includes 1.2 acres of development site facing Dallas Parkway. Allegro, built in late 2008, has rental units averaging more than 1,100 square feet. SNK Realty of Phoenix spent over $28 million to construct Allegro. Terms of the deal were not revealed. For the full story, go to Dallas Morning News.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.