Linda Vista Apartments

December 8, 2016 Comments Off on Presidium Boosts Portfolio by 640 Units Views: 350 Dallas-Fort Worth, Texas News

Presidium Boosts Portfolio by 640 Units

Presidium Group acquired the Linda Vista Apartments and Carlton Court Apartments in Dallas, adding 640 units to its portfolio. The Dallas-based company also had bought the Thread Apartments in late 2014.

The seller listed on the 370-unit Linda Vista Apartments at 13450 Mahan Rd. was Performance Properties LLC of Dallas. Meanwhile, Post Investment Group, headquartered in West Hollywood, CA, sold the 270-unit Carlton Apartments at 13233 Mahan Rd. The sales prices were undisclosed, with the Dallas Central Appraisal District assessing both properties at a total of close to $24 million.

Thread Apartments are close by, at 13606 Mahan Rd. “Operating three sizable assets within a quarter-mile radius will allow us some economies of scale to maximize cash flows,” said Presidium co-CEO Cross Moceri. “In addition, our value-add program will ensure tenants are receiving a quality rental product.

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