DALLAS-A 319-unit multifamily asset, tucked into a transitioning pocket in Northeast Dallas, has been sold to a first-time metroplex buyer from New Orleans. The 85%-leased complex is the seventh of 10 multifamily properties to trade in 18 months in the neighborhood.

Center Acquisitions LLC acquired the Silverado Springs Apartments at 11100 Kingsley Rd. from Performance Properties Co. of Dallas and its equity partner on the five-year hold, Transwestern Commercial Services. “He got a substantial discount to replacement cost,” Armand Charbonneau, TCS vice president in Dallas, tells GlobeSt.com about the $7.65-million listing.

Charbonneau says Center Acquisitions wasn’t the highest of the dozen offers for the class B asset, but was “the best offer.” The deal took nine months to close because the state transportation department claimed a strip of the highway-fronting acreage for a turn lane from Interstate 635 “after earnest money was at risk,” he explains.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.