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544-unit multifamily portfolio sold

​​​DALLAS – The Powers Properties Portfolio has been sold to 180 Multifamily Properties.

The portfolio consists of 544 unit​s across ​20 assets built between 1914 and 1962 in historic East Dallas neighborhoods. 

The assets were renovated in the late 1990s and early 2000s and have​​​ been under the same ownership for 25 years.

Two years after being put in a court-appointed receivership, GREA brokered the deal on behalf of the court-appointed receiver.

Texas logoThe Texas Real Estate Research Center​​​​ has more multifamily news online for free:

​Source: REBusiness Online​


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