Elizabeth Property Group Acquires Woodglen Park Apartments In Dallas

The 232-unit Woodglen Park Apartments in Dallas have been acquired by Elizabeth Property Group. The purchase is part of a larger acquisition of six affordable rental communities in Texas. Woodglen Park Apartments, built with low-income housing tax credits, will undergo renovations to ensure the preservation of 1,444 affordable units for the next two decades.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: N/A
• Units: 232
• Buyer: Elizabeth Property Group - Tisha Vaidya
• Date: 07/13/2023
• Address: 6800-6850 South Cockrell Hill Road
• Market: Dallas

Elizabeth Property Group, represented by Tisha Vaidya, has made significant strides in expanding their affordable rental portfolio through the acquisition of Woodglen Park Apartments in Dallas. The purchase of this property, along with five other affordable rental communities in Texas, demonstrates their commitment to providing quality affordable housing options. The renovations planned for Woodglen Park Apartments will ensure the availability of affordable units for the next two decades, preserving much-needed housing in the community.