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Texas  + Apartments  | 

First-Time TX Buyer Closes East Dallas Deal

CBRE arranged the sale of Bella Vista Park, a 158-unit multifamily community at 2700 N. Buckner Blvd in east Dallas. Justin Li purchased the property from Dallas-based AmeriCan Multifamily Alliance Group.
 
Chris Deuillet and William Hubbard with CBRE Capital Markets’ Investment Properties represented the seller.
 
“Even during the pandemic, Dallas-Fort Worth and Texas as a whole have seen massive amounts of investment money coming here due to its positive job growth and ease of doing business,” said Deuillet. “Through CBRE’s international network, we were able to help a first-time buyer in Texas with their 1031 exchange, moving his funds from California to the Lone Star State.”

The new owner has plans for extensive interior and exterior upgrades to the facility, providing them with opportunities for rent growth as the east Dallas area continues to grow. The property was 94% occupied at the time of sale.
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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