Dan Oberste Of BSR REIT Acquires The Ownsby Apartments In Celina For $87.5M

The Ownsby Apartments, located at 505 West Ownsby Parkway in Celina, TX, has been sold for $87,500,000. This multifamily asset features 368 units, with a price per unit amounting to $237,772. The property was completed in 2024 and includes luxury amenities, situated in the fastest-growing U.S. city that experienced a 19% population growth last year.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $87,500,000
• Units: 368
• Price Per Unit: $237,772
• Buyer: Dan Oberste
• Buyer's Company: BSR REIT
• Market: Celina

BSR Real Estate Investment Trust, represented by Dan Oberste in this transaction, has expanded its Sunbelt multifamily portfolio with this acquisition. The transaction aligns with BSR REIT's strategy to invest in high-growth areas.