Goldrich Kest Acquires 206-Unit Dallas Multifamily From Crescent Communities

California-based Goldrich Kest has acquired the 206-unit Novel Turtle Creek apartment high-rise in Dallas from Crescent Communities. The property, located at 4251 Irving Avenue in Dallas, is a multifamily asset. The transaction took place on 12/22/2023, and the deal was valued at an undisclosed amount. The property adds to Goldrich Kest's Texas portfolio, which already includes properties in Austin and San Antonio.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Buyer: Goldrich Kest - Barry Cayton
• Seller: Crescent Communities - Brian Natwick

This acquisition marks the second transaction between Goldrich Kest and Crescent Communities. Previously, the two firms had completed the purchase of Novel Midtown in Atlanta. The deal demonstrates Goldrich Kest's ongoing expansion and investment in the real estate market across multiple states.