Two Dallas apartment communities sell to out-of-state investors

Written by Desmond

December 30, 2021

Investors have taken two more new Dallas apartment communities.

The Alta Midtown Park apartments on Manderville Lane in North Dallas were just completed and total 307 rental units.

Institutional Property Advisors marketed the property near U.S. Highway 75 for sale.

The five-story rental community was sold to an investment group represented by Oklahoma-based Regional Management Co., county records show.

Institutional Property Advisors’ Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill and Grant Raymond brokered the sale.

And the 258-unit Skyline Trinity Apartments on North Beckley Avenue near Interstate 30 have also changed hands.

Built in 2020, the four-story apartments have views across the Trinity River to downtown Dallas.

The riverside rental community was purchased by an investment group represented by Maryland-based RailField Partners, county records show.

Institutional Property Advisors’ Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill and Jeff Kindorff brokered the sale.

Dallas-Fort Worth has recently seen a flurry of major apartment sales as rental rates are increasing at a record pace.

In the first nine months of 2021, almost $16 billion in D-FW apartments changed hands.

$425,000 Homes in Indiana, Ohio and Pennsylvania

$425,000 Homes in Indiana, Ohio and Pennsylvania

24 PhotosView Slide Show ›Fletcher Place Historic District, one of Indiana’s oldest urban neighborhoods, was added to the National Register of Historic Places in 1982. This house is just outside the boundaries of the official historic district,...

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