David Moore Of Knightvest Capital Acquires 389-Unit Ardan West Village From Brian Kingston Of Brookfield Properties

The 23-story multifamily asset located at 2975 Blackburn Street in Dallas consists of 389 units. The property, built in 2019, features units averaging 939 square feet with rental rates ranging from $2,046 to $5,607. The amenities offered include a rooftop terrace, resort-style pool, wellness spa, fitness center, coworking lounge, and 23,000 square feet of retail space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Buyer: David Moore - Knightvest Capital
• Seller: Brian Kingston - Brookfield Properties
• Brokers: Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill & Cameron Purse - Institutional Property Advisors

The acquisition involved Knightvest Residential, which plans to rebrand the property as Ardan Apartments following the purchase from Brookfield Properties. Institutional Property Advisors facilitated the transaction, highlighting their role in the brokerage process surrounding this property exchange.