LOS ANGELES--PaladinPreferred Capital (PPC), an affiliate of BRCAdvisors, has acquired a 97-unit multifamily complex inDallas. Park LaneApartments is located at 3040 Park Lane in North Dallas,east of Interstate 35-E.
“This attractive C+ property is a well-maintained97-unit multifamily community built in 1974 and renovated in 2007,”says Ken Chong, director of capital markets forPaladin. “It sits on four acres and consists of 12, two-storytownhouse-style buildings with condos across the street.”
Los Angeles-based Paladin Preferred Capital LLC isa private equity joint venture between industry veterans BRCAdvisors, CREX Inc. and BellaireInvestments Inc.
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