DALLAS – A unit of Ohio-based Connor Group has acquired L2 Apartments, a 321-unit multifamily community at 2828 Lemmon Ave.
Rents in the community, which was built in in 2013 by CWS Capital Partners and JLB Partners, start at $1,400.
Northwestern Mutual Life Insurance Co. had owned the asset since 2015. The community was valued at more than $80 million.
CBRE Capital Markets and the Federal Home Loan Mortgage Corp. provided financing. JLL marketed the property for sale.
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Source: Dallas Morning News