DALLAS-A North Texas partnership has gained control of a 312-unit block of workforce housing in an outlying area of southeast Dallas. The eight partners have just closed on a 194-unit complex and are slated to polish off another deal this week with a different seller for abutting units.

First to sell was Woodside Apartments at 13660 CF Hawn Fwy. Up next is the 118-unit Bridle Path Apartments at 13700 CF Hawn Fwy. The economies of scale are obvious, but what isn't so obvious is the double deal reels in two mixes boasting a wide variety of units and prices. “He can cater to any resident who walks in the front door,” says Chris Deuillet, first vice president for CB Richard Ellis in Dallas.

Deuillet tells GlobeSt.com that the dealmaker was the ability to buy side-by-side class C complexes, situated near the Interstate 20-635 junction and just minutes from Downtown Dallas. “The buyer wanted Woodside,” Deuillet says, “and he said if he could get Bridle Path that would be the icing on the cake.” Marcus & Millichap Real Estate Investment Brokerage Services, held onto the Bridle Path listing after Deuillet's move to CBRE, with sale duties passing to Marcus & Millichap associate Nick Fluellen.

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