A large apartment community in Richardson's Telecom Corridor has been purchased by Dallas investor Conti Capital.
The transaction included the assumption of a $42.5 million loan and about $5.3 million in new debt, county records show.
Conti Capital has been in business more than 14 years and has acquired more than 12,500 rental units. In January, the company targeted Dallas-Fort Worth as its No. 1 apartment investment area.market with more than $2 billion in sales in the first quarter of 2023.No crash in sight: Higher mortgage rates barely budged May home prices, sales in D-FW
Even with higher mortgage rates than a year ago and not much relief on home prices, buyers still clearly have an appetite for North Texas properties with sales activity only slightly behind where it was last spring. May single-family home sales in Dallas-Fort Worth declined just 2% from a year before with 8,805 transactions, according to a new report from the Texas Real Estate Research Center at Texas A&M University and North Texas Real Estate Information Systems.
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