DENTON, TX-Following its success with the 240-unit Bridgemoor at Denton, Interwest Capital Corp. came back for more, acquiring the 300-unit Camino Del Sol for $17.2 million.  The San Diego investor will renovate the 100% occupied multifamily property, situated on 11 acres, in hopes of boosting rent growth.

“The interesting component we found in this property was that there had been fire damage in the units, about a dozen or so, and they were renovated awhile back,” says Karl Coleman, president of Interwest. “When that happened, the owners were able to get significantly higher rents in those renovated units.” According to the Denton Central Appraisal District, the seller of the 1980s-built multifamily complex at 1030 Dallas Dr. was SDS Apartments NF LP, a subsidiary of Sterling American Property in Great Neck, NY.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.