Ashland Greene Expands Portfolio With Acquisition Of Village On The Green And Hunter's Cove Apartments In Texas

Ashland Greene has acquired Village on the Green in Dallas and Hunter's Cove in Grand Prairie, Texas. The multifamily properties, consisting of a total of 442 units, were purchased as part of Ashland Greene's Value-Add Fund VI. The investment value of the acquisition is approximately $92 million.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92 million
• Units: 442
• Market: Dallas & Grand Prairie
• Buyer: Ashland Greene - Shakti C’Ganti
• Seller: Western Wealth Capital - Janet LePage

Village on the Green in Dallas will undergo a rebranding and be known as "Cleo Luxury Apartments". Similarly, Hunter's Cove in Grand Prairie will be renamed "Ronan Apartment Homes". This acquisition by Ashland Greene expands their portfolio and strengthens their presence in the Texas real estate market.