DALLAS--CBRE Strategic Partners U.S. Value 7, a fund sponsored by CBRE Global Investors, has acquired BLVD, a class A, 417-unit, midrise apartment community in Dallas that is 88% occupied.

The five-story asset also includes approximately 9,000 square feet of fully leased ground-floor retail space.

“We are excited to start our capital improvement projects which will enhance the resident experience and re-establish BLVD's position as a premier community in the submarket,” Steve Gullo, managing director of the CBRE Global Investors Multi-Housing Group, told GlobeSt.com. “Our new onsite team has been well-received by the residents, and we are confident that our signature Inspired Lifestyle customer service program will be a great complement to the improvements we will make to the common areas and community amenities.