Partners Create 312-Unit Block in Two Deals

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.