DALLAS--The Praedium Group, a New York City-based national real estate investment firm, has acquired Pine Prairie Apartments in Lewisville.
Praedium purchased the class A 300-unit garden style apartment community from Westwood Residential.
The luxury multifamily community is located directly off Sam Rayburn Tollway / State-Highway 121. Pine Prairie is comprised of 296 apartment units and four townhome-style residences. Most homes feature nine-foot ceilings, black appliances, European-style cabinetry and full-size washer/dryer connections. Select units feature 13-foot vaulted ceilings, attached garages, outdoor terraces or balconettes and vinyl wood-plank flooring.
The pet-friendly community also includes a laundry facility, luxurious clubhouse with a fireplace and kitchen, internet café, resort-style swimming pool with fountains, outdoor barbecue grill stations and a state-of-the-art fitness center.
"As Northern Dallas continues to experience substantial job growth, we believe Pine Prairie's high quality apartment homes, luxurious amenity package and convenient location will allow Pine Prairie to remain highly desirable to residents in the Lewisville market," Praedium's Spencer J. Schlager told GlobeSt.com.
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