A Dallas-area apartment community has traded as part of a more than 1,400-unit statewide affordable property purchase.
The 232-unit Woodglen Park Apartments on South Cockrell Hill Road in southwest Dallas was one of six affordable rental communities acquired by Elizabeth Property Group. Other properties in the big purchase are in Houston, Beaumont, Huntsville, Bryan-College Station and Wichita Falls.
The rental communities included in the deal were built with low-income housing tax credits and house about 3,000 residents.
Elizabeth Property teamed up for the acquisition with American South Real Estate, a company based in Louisiana and California that invests in transformative real estate projects in urban markets.