December 19, 2019
Blue Atlantic Partners Fund III (BAP III) bought 2803 Riverside, a 436-unit multifamily property in the Dallas-Fort Worth suburb of Grand Prairie, TX. The buyer, a fund sponsored by Atlantic | Pacific Companies of Miami, FL, struck the deal with seller Bascom Group for the property at 2803 Riverside Pkwy.
“2803 Riverside is a fantastic addition to our growing Dallas-Fort Worth portfolio,” said Brett Duke with Atlantic | Pacific Real Estate Group. “This acquisition continues our strategy of purchasing exceptional properties in growing markets at compelling prices.” The new owner is planning a multimillion-dollar capital investment for the property.
2803 Riverside offers one,, two and three units, ranging from 722 to 1,454 square feet. Amenities include two resort-style pools, waterfront views, a dog park, playground, outdoor game lounge and access to biking and jobbing trails. Atlantic | Pacific Management will manage and lease the property.
For comments, questions or concerns, please contact Amy Sorter