posted on October 21, 2011 22:48
Two investment groups recently bought the Estancia at Ridgeview Ranch at 10200 Independence Pkwy., for an undisclosed sum.
The 23-building, 500-unit Class A apartment complex off the Dallas North Tollway in Plano, was acquired by The Praedium Group and Mike Ochstein, president of Price Realty Corp.
MetLife Real Estate Investments is the lender on the loan, which was arranged byHolliday Fenoglio Fowler’s John Brownlee and Brian Carlton. The financial details of the loan were not released.
Estancia at Ridgeview Ranch was built in 2007 and is 94 percent leased.
10/12/11, Candace Carlisle, Dallas Business Journal