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CARROLLTON, TX-A Boston-based investment group has bested 19 other would-be buyers for a class A multifamily asset in North Dallas. The 284-unit Westbridge Apartment Homes was 95% occupied at sale time.

"They were chosen because of their ability to close quickly and perform quickly," Brian Murphy, a senior broker in the Dallas office of Apartment Realty Advisors, tells GlobeSt.com. "It was a short due diligence and a quick close one week after going firm with their money." He and ARA managing broker Brian O'Boyle and principal Jerry Lamm represented the Hartford-based seller, Cornerstone Real Estate Advisors LLC, of the 2300 Marsh Lane property. Murphy says Westbridge sold free and clear for well below the $27.9-million ask.

Dallas-based Lincoln Property Co. developed the 18-building Westbridge in 2003 on a 16-acre tract at Marsh Lane's intersection with Keller Springs Road, giving it more of a North Dallas identity than Carrollton, according to Murphy. And Lincoln leased and managed it right up to the sale. Michelson Management Co. now oversees it.