DALLAS, TX - Colliers is pleased to announce the sale of two multifamily communities in North Texas: Apex Apartments in Fort Worth and Residences at White Rock Lake in Dallas. The transactions underscore continued investor demand for value-add multifamily opportunities across the Dallas-Fort Worth Metroplex. Colliers represented the seller in both transactions. Additional terms of the sales are undisclosed.
Apex Apartments is a 152-unit community located at 5320 E. Rosedale Street in Fort Worth, approximately six miles east of downtown. Built in 1968, the property spans more than seven acres and consists of 10 two-story buildings offering a mix of one-, two- and three-bedroom floor plans. The asset has recently undergone significant capital improvements, including roof replacements, HVAC upgrades, enhanced lighting, security camera installation and the restoration of previously offline units, positioning the property for continued lease-up and operational stabilization.
Residences at White Rock Lake, located at 9332 Beck Avenue in Dallas, is a 149-unit multifamily community built in 1970 on approximately 5.3 acres. The property features a mix of one- and two-bedroom and townhome-style units across 13 buildings and benefits from its proximity to White Rock Lake, as well as convenient access to major thoroughfares and key employment and entertainment hubs throughout Dallas. The acquisition offers a compelling value-add opportunity through continued unit upgrades, operational efficiencies and additional revenue enhancements.
"Distressed REO multifamily sales in Dallas-Fort Worth continue to increase," said Mark Allen, Vice Chair at Colliers. "Both properties had significant deferred maintenance, low occupancy, and crime concerns - conditions that burden the surrounding neighborhood and strain city resources. Transferring these assets to local, hands-on ownership is the fastest path to stabilization, and that's a win for the local community."
The Dallas-Fort Worth Metroplex remains one of the fastest-growing regions in the country, supported by strong population growth, a diverse economic base and sustained multifamily demand.
About Colliers: Colliers is a global diversified professional services and investment management company operating through three industry-leading businesses: Commercial Real Estate, Engineering, and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership — driving strong alignment and sustained value creation for our shareholders. With $5.7 billion in annual revenues, 24,000 professionals, and $109 billion in assets under management, Colliers is committed to accelerating the success of our clients, investors, and people worldwide.
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