DALLAS, TX - BSR Trust announced that it has completed the purchase of Windhaven Park Apartments in Plano, Texas. Windhaven is an expansive 22-acre garden-style community with 474 apartment homes. The property is located near North Dallas' largest employers including the new Toyota North America headquarters, Hewlett Packard, Frito-Lay, PepsiCo and others. The purchase of Windhaven marks BSR's second property in the Dallas market and second acquisition thus far in 2017. The terms of the deal were not disclosed.
Windhaven Park will be the largest single community in the BSR portfolio, which now includes just under 10,000 apartment homes throughout Texas, Louisiana, Oklahoma, Arkansas and Mississippi. BSR has now grown its portfolio's total apartment unit count 14% in the last 18 months through new acquisitions.
"We are thrilled to grow BSR further with the purchase of Windhaven Park," said Blake Brazeal, President and Chief Operating Officer of BSR Trust. "This acquisition aligns well with our growth strategy and increases our presence in the Dallas market."
The purchase of Windhaven Park Apartments results in BSR Trust, LLC owning and operating 47 apartment communities across its portfolio.
BSR Trust is a leading owner and operator of garden-style, multifamily communities in the US. The primary mission of BSR is to provide an exceptional living experience for residents at a community they are proud to call home while creating value for our shareholders through strength, profitability and growth. BSR traces its roots back to 1956 with the formation of Bailey Corporation in Little Rock, Arkansas.
Source: BSR Trust / #Apartments #Multifamily