Seminole tribe buys second Dallas apartment community

Written by MLHA Team

April 29, 2021

A Dallas apartment sale is just the latest rental community transaction in the area. But the buyer is not your standard investor.

The Hudson apartments on McKinney Avenue were built in 2019 near Dallas’ popular Knox Street retail district. The 124-unit luxury rental project just east of Highland Park has a fitness center, swimming pool and sun deck.

The buyer of the apartments is a real estate fund of the Seminole Tribe of Florida.

The Native American investment group also owns the nearby McKinney Uptown apartments at 3324 McKinney Ave. The Seminole Tribe bought the 145-unit property in September.

Rents in the Hudson start at more than $2,000 a month. The apartments were built by Dallas developer Trinsic Residential Group and were sold by Dallas’ Miramar Equity Partners.

The Florida real estate fund, which says it buys properties to “enhance intergenerational wealth of the tribe,” is looking at additional apartment buys in markets including Dallas, Austin, Phoenix and Denver.

North Texas has been one of the most active apartment investment markets in the country during the past year.

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