TTI Capital Acquires Rowlett Development on DART Line

Rowlett Station is an upscale rental community that opened last year in downtown Rowlett, just steps away from a DART rail transit stop. The 302-unit apartment property was developed by Zale Properties of Dallas. TTI Capital, a company that already has stakes in Dallas-Fort Worth, acquired Rowlett Station. Rents in the community start at just under $1,500 per month. The project is just steps away a DART rail transit stop.

The sale was marketed and financed by Institutional Property Advisors. Institutional Property’s Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Will Balthorpe brokered the deal.

TTI Capital has acquired 4,000 apartments nationwide and manages $900 million in assets. The investor owns other North Texas rental communities, including the Travis in Frisco, the Riley in Richardson and the Carolyn Apartments in Las Colinas.