Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Austin Investor Buys 208-Unit Dallas Apartment
NAPA Ventures LLC, headquartered in Austin, acquired the 208-unit Falls Apartments in Dallas. The sales price for the asset at 9797 Bruton Rd. was undisclosed. The property is valued at $8.1 million, with the seller of record listed as OMNI AG The Falls LLC, of Dallas.
The Falls is NAPA Ventures’ third closing since early 2017. The new owners’ plan is to renovate the property to increase profitability. Updates will include renovating the landscaping, pool decks, parking lots and exterior, as well as upgrading the leasing office and business center. NAPA also plans interior unit renovations.
NAPA’s pipeline includes two properties in Corpus Christi, TX, which are anticipated to close in July 2017.
Subscribe to Connect Daily Texas
For comments, questions or concerns, please contact Amy Sorter
- ◦Sale/Acquisition
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
3801 E MORELAND DR
WESLACO, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $7,500,000 No. of Units: 78 Year Built: 2005 Lot Size: 77325 Acres Opportunity Zone: No Price per unit: $96,153 
Jameson St Apartments
Weatherford, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000
