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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.

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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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