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Texas  + Dallas-Fort Worth  + Senior Housing  | 
154-unit Dallas Senior apartment picked up by BLDG Partners

Dallas Senior Apartment Community Bought by BLDG Partners

A Dallas partially affordable senior housing community has been acquired by BLDG Partners. Aerofirma  sold Wright Senior Apartments, a 154-unit, partially affordable senior housing community in Grand Prairie. 

Greysteel’s Doug Banerjee headed up a team that worked on behalf to the seller and found the buyer. 

Multi-Housing News reported that BLDG Partners assumed the outstanding balance of an $11.9 million HUD 223(f) loan. The 35-year term loan carries a 2.45 percent interest rate. The new ownership will preserve the affordability of the property, per terms of the Low-Income Housing Tax Credits LURA.

The partially affordable and age-restricted community incorporates 123 rent-restricted affordable units and 31 market-rate apartments, designated for residents aged 62 and over.

Completed in 2004, Wright Senior Apartments encompasses three buildings with units ranging between 528 and 925 square feet. The community offers a fitness center, a swimming pool, a clubhouse, an elevator, two laundry facilities and approximately 300 parking spaces. Apartment amenities include private balconies or patios.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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