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Florida investor takes two North Texas apartment communities
Purchase was financed with $55.1 million in funding from Freddie Mac.
The Residences at Northgate apartments are in Irving.(Berkadia )
A Florida-based investor has acquired two Dallas-area rental communities.
Eagle Property Capital of Miami bought the Residences at Northgate in Irving and Arbor Creek apartments in Lewisville.
The purchases were financed with $55.1 million in loans arranged by commercial property firm Berkadia.
The Residences at Northgate is a 320-unit rental community at 4310 W. Northgate Drive in Irving. Arbor Creek is a 280-unit apartment property at 396 E. Southwest Pkwy. in Lewisville.
Berkadia arranged the purchase funding with mortgage provider Freddie Mac.