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Here s why Ross Avenue is one of the hottest apartment buying addresses in Dallas
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Real estate roundup: Logistics firm leases big East Valley warehouse
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Another Ross Avenue apartment community sells east of downtown Dallas
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Florida investor takes rental community east of downtown Dallas Steve Brown, The Dallas Morning News
A Florida investor that’s already a major apartment owner in the Dallas area has purchased another property east of downtown.
American Landmark Apartments has acquired the Olympus at Ross, a 368-unit rental community on Ross Avenue in East Dallas.
Built in 2013 at Ross and McCoy Street, the property has been owned by Fort Worth-based Olympus Property since 2015.
With the purchase, American Landmark now has 21 apartment communities in the Dallas-Fort Worth area.
“Dallas has maintained a favorable position in multifamily circles due to its exemplary fundamentals and ability to accommodate suburban growth,” Christine DeFilippis, chief investment officer of American Landmark, said in a statement. “Because of this, it’s attracted plenty of capital but also become increasingly competitive.
Back to the future: Dallas decades old Lincoln Centre catches up to the times
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