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Dallas Investor Picks Up Three Multifamily Properties
All in, it’s over 900 units. The buyer of the three multifamily communities was Ashland Greene. “These deliberately selected properties are each positioned in prime locations near major employment and entertainment venues,” said the company’s Shakti C’Ganti.
The three properties include Avenida Crossing in Mesquite, a 486-unit project, which will be rebranded as Holbrook. 70% of its units will be upgraded. In addition, the group picked up the 216-unit Red Rock Apartments which is being renamed Decker Apartments and the 255 Gold Creek apartments which will called Remi Apartment Homes. The. company will be injecting $2 million into the Remi. The company now has nearly 5,000 units in Dallas-Fort Worth.
Founded in 2010, Ashland Greene now has apartments in Dallas, Denton and the Houston area.
- ◦Sale/Acquisition
