Apartment Lists

DALLAS, TX -  Preferred Apartment Communities announced the sale of Enclave at Vista Ridge, a Class A multifamily community located in Dallas, Texas.PAC sold the property for gross aggregate disposition proceeds of approximately $44.0 million. The property achieved an average annualized return of approximately 15.6%. "The attractive return on the sale of Enclave, a property constructed in 2003 and purchased by PAC just over two and a half years ago , demonstrates our ability to effectively recognize significant value in our acquisition program and provides us the opportunity to redeploy the sale proceeds into well-located, newly constructed and high- quality multifamily communities in our core markets," said John A. Williams, the Chairman and Chief Executive Officer for PAC. Enclave at Vista Ridge Apartment Homes is located in Lewisville, Texas a suburb of Dallas. Features include gourmet kitchens , 9- foot ceilings with crown molding, walk-in closets and g...

The Pointe at Vista Ridge Steadfast Apartment REIT III Inc. acquired The Pointe at Vista Ridge, formerly known as Enclave at Vista Ridge, for $44 million from Preferred Apartment Communities . Located at 2701 MacArthur Blvd. in the Northern Dallas submarket of Lewisville, the 300- unit community comprises one-, two- and three- bedroom floorplans ranging from 680 to 1,292 square feet across it 11, three-story buildings. Originally completed in 2003, the property is currently 94.3 percent occupied. Apartment interiors include nine-foot ceilings, washer and dryer connections, faux granite countertops , private balcony and patios, crown molding, ceiling fans and fireplaces in select units. Residents have access to amenities such as a resort-style pool with outdoor kitchen, a playground, outdoor barbecue grills , a sand volleyball court , game room with billiards and game station, a tanning bed, covered carports, 620 parking spaces, a 24- hour fitness center , clubhouse with resident l...

Steadfast Apartment REIT III Inc. has acquired The Pointe at Vista Ridge, formerly known as Enclave at Vista Ridge, a 300-apartment- home community located in Lewisville for approximately $44 million. "Dallas is a growing region with demographic trends that are a good fit for the investment objectives of Steadfast Apartment REIT III , which targets mid- tier multifamily properties in growing communities," said Ella Neyland, president of Steadfast Apartment REIT III . "Additionally, The Pointe at Vista Ridge enjoys an ideal location in the midst of a thriving neighborhood with numerous lifestyle amenities for our current and future residents." Completed in 2003, The Pointe at Vista Ridge includes 11 three-story buildings with one-, two- and three- bedroom apartment homes that average 1,080 square feet. In-place rents average $1,187 per month and the community is currently 94.3 percent occupied. The Pointe at Vista Ridge's amenities include a resort-style p...

HUNTSVILLE, AL - The Sterling Group, an Indiana- based multifamily firm , has opened Providence Place Apartment Homes , an urban development located in Huntsville, Alabama. Providence Place sits on the corner of Providence Main and Biltmore on 14.23 acres in the heart of the Village of Providence, which residents find to be a superior amenity. This new, upscale community features 226 market rate apartment homes consisting of 10 buildings and featuring 12 different one, two and three bedroom floorplan layouts . These floorplans range in square footage from 768 - 1,412 with rents ranging from $875 - $1,399. Providence Place provides residents with a luxury lifestyle featuring amenities and finishes typically found in upscale living . Amenities include 9’ ceilings, crown molding, granite countertops, wood grain flooring , glass-enclosed showers and a washer and dryer in every home. Providence Place offers an extensive community lifestyle featuring ...