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Two Dallas Multifamily Properties Sold to Miami Investment Firm

DALLAS-CBRE brokered the deal for 636-unit pair on behalf of of Strategic and Crest.

By David Phillips | Updated on August 14, 2013

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.

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