Western Wealth Capital Expands Dallas Footprint

Western Wealth Capital has acquired the 151-unit Embry Condominium Houses in Carrollton, Texas. The transaction marks the corporate’s twenty first multifamily deal in Dallas-Forth Price and its a hundred and thirtieth actual property deal total. The property final traded in 2019, when Lion Actual Property purchased it from Upland Residential alongside one other multifamily asset, in line with Yardi Matrix.

Embry Condominium Houses is positioned at 2210 Marsh Lane and encompasses one- and two-bedroom models between 713 and 1,200 sq. toes. The 23-building asset was constructed in 1985 and had further models added in 1995. Frequent-area facilities embrace two swimming swimming pools, a health heart and 300 parking spots.

The group is positioned 6.6 miles from College of Texas at Dallas, 9.7 miles from Legacy West, a big mixed-use heart dwelling to a few of the largest employers within the space, together with JPMorgan Chase, FedEx, Toyota and Liberty Mutual Insurance coverage.

Western Wealth Capital Senior Director of Acquisitions Jay O’Connor stated, in a ready assertion, the corporate will implement a value-add program at Embry Condominium Houses. The corporate’s enchancment technique is concentrated on upgrading each the inside and exterior of communities. Western Wealth Capital has closed greater than $5.3 billion in actual property acquisitions, in line with the corporate, with its multifamily portfolio surpassing 29,000 models.

Earlier this 12 months, in April, Western Wealth Capital acquired one other North Dallas-area property, Villas at Chase Oaks in Plano, Texas, a 250-unit multifamily asset.