DALLAS--CBRE Capital Markets' Investment Properties has brokered the sale of Brandywine Apartments, a 100-unit, value-add multifamily community in Dallas. The buyer was 4710 Lake LLC; the seller, Brandywine Investments LLC.
Chris Deuillet, with CBRE in Dallas, represented the seller.
The 95-percent-occupied property is located at 4710 Lake Ave., east of Parkland Hospital and the Dallas Medical District. With current growth at Parkland Hospital and in Uptown Dallas driving demand for upper-end and workforce-level housing in the area, the complex is one of the last remaining properties in the area that has not received significant upgrades.
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