Kalterra Capital sells 213-unit apartment complex in Waxahachie May 7, 2021
Kalterra Capital Partners has announced the sale of Park Place, a 213-unit apartment complex, located at 240 Park Place Blvd, in Waxahachie, Texas. The project is Kalterra’s second sale this year and one of three ground-up multifamily developments in Kalterra’s portfolio expected to transact in 2021.
The 12-acre site falls within the rapidly growing Ellis County submarket, located 30 miles south of the DFW Metroplex. Just east of Hwy 287 and directly adjacent to Waxahachie’s Sport Complex, the project will serve the growing demand for Class-A luxury apartments in the county. Kalterra plans to begin construction on a second conventional multifamily development and an active adult development in Waxahachie this year.
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