DALLAS-CBRE's Dallas Multi-Housing Group announces the sale of two Dallas apartment communities—St. Andrews Apartments and Montclair Apartments—on behalf of Chicago-based Strategic Capital Partners, LLC and Crest Asset Management based in Dallas. Pensam Capital, a Miami-based private real estate lender and investment firm, purchased the properties for an undisclosed sum.
St. Andrews is a 312-unit, class A asset, located at 9000 Vantage Point Drive. Community amenities include 12 floor plans, attached and detached garages, two swimming pools and a 5.5 acre park with walking trails. Montclair is a 324-unit, class A asset, located at 9001 Markeville Drive. Amenities include seven floor plans, a fitness center, jogging trails and a clubhouse.
Both communities are in the north Dallas submarket, near upscale shopping at NorthPark Center, Valley View Center and the Galleria, and major thoroughfares, including LBJ Freeway (I-635) and Central Expressway (U.S. 75).
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
