Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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
- ◦Sale/Acquisition

