MIG Real Estate Acquires Elan City Centre Multifamily In Farmers Branch

Elan City Centre, a 330-unit multifamily building located at 13301 Galleria Place in Farmers Branch, just north of Dallas, has been acquired by MIG Real Estate from HLC Equity Partners. The property emphasizes its appeal to young professionals due to its proximity to office buildings in the Platinum Corridor and LBJ Freeway.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Buyer: Greg Merage - MIG Real Estate
• Seller: Daniel N. Farber - HLC Equity Partners
• Broker: Ryan Reid - CBRE
• Market: Farmers Branch

MIG Real Estate, headquartered in Newport Beach, California, has expanded its portfolio with the purchase of Elan City Centre, marking its first investment in Dallas. This acquisition adds to MIG's growing list of properties in Texas, underlining its focus on properties that cater to the needs of young professionals.