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JLL closes on four multifamily properties for $120 million

New York -- Jones Lang LaSalle’s Capital Markets group has closed the sale of four prime multifamily properties in the Dallas area on behalf of four separate sellers. The combined sale price exceeded $120 million.

  • Silverado Apartments, a 332-unit, garden style community in Frisco was purchased by Adams LaSalle from Sherman Residential.
  • Park Gates at City Place, a 228-unit residential community in Dallas was purchased by BK Funds from The Connor Group.
  • Republic Park Vista, a 308-unit, Class A+ community in Ft. Worth was purchased by Momentum Real Estate Partners from Beucler Properties/Prudential Real Estate Investors and an investment fund advised by Prudential Real Estate Investors.
  • The Ablon at Frisco Bridges, a 252-unit Class A property was purchased by Colonial Property Trust from Pegasus Ablon.
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