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Texas  + Dallas-Fort Worth  + Apartments  | 

CREC Real Estate Joins BKE in Acquisition of Apartments in Prairie Court, TX

CREC Real Estate, LLC and BKE Capital LLC have jointly acquired Prairie Court Apartments, a 123-unit, Class C+ multifamily community located in the Dallas-Fort Worth suburb of Grand Prairie, Texas. Terms of the transaction were not disclosed.

 With more than $1 billion of real estate assets under management, CREC specializes in multifamily real estate investments in secondary cities throughout the United States.

The new owners expect to embark on a value-add renovation of the 45-year-old property to make property improvements. Those improvements include amenity upgrades, common-area beautification and unit-interior remodels. CREC and BKE will also design a website for the property and increase exposure across various online marketing platforms.

“Multifamily is expected to continue to be a great housing option for renters in the Dallas-Fort Worth area, and we see an important value-add opportunity in renovating the Prairie Court property to meet the needs of today’s renter,” said Aaron Dixon, president of CREC.


Inside The Story

CREC Real EstateBKE Capital

About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Sale/Acquisition
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