Berkshire Residential Investments Acquires 240-Unit Park West Apartments In Dallas For Undisclosed Amount

The transaction involves the sale of the 240-unit Park West Apartments located at 3109 Douglas Avenue in Dallas, TX. The asset is categorized as multifamily and was built in 2014. It is situated in a high-income corridor near Uptown and Highland Park, which is characterized by strong job density and a robust demand for rental properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 3109 Douglas Avenue
• Market: Dallas, TX
• Units: 240
• Buyer: Berkshire Residential Investments
• Broker Representatives: Michael Ware, Taylor Hill, Drew Kile, Joey Tumminello & Cameron Purse - Institutional Property Advisors

Institutional Property Advisors, a division of Marcus & Millichap, facilitated the sale of the property. The transaction underscores the continued investment interest in Dallas' multifamily market, driven by its demographic and economic dynamics.