News

DALLAS — Blue Ocean, a value-add and opportunistic investment firm based in Maryland, has acquired Villa Ladera in Dallas from an undisclosed seller. CBRE represented both parties in the deal. The price of the trade not disclosed. Villa Ladera is a 184-unit property developed in 1972. Blue Ocean is planning to renovate several units. The seller has owned the property since 2017. Features include controlled access, a playground, two laundry facilities and approximately 400 parking spaces. Villa Ladera was 96 percent occupied at the time of sale. Chris Deuillet and …

EL PASO, TEXAS — JRK Property Holdings, a private investment company based in Los Angeles, has sold Retreat at Mesa Hills in El Paso. JLL Capital Markets, on behalf of JRK, arranged the sale. The 752-unit property was completed in multiple phases beginning in 1995. Managing Director Steven Hahn Jr., Senior Director Art Barnes, Senior Managing Director Roberto Casas and Vice President William Jennings led the JLL team. The community offers a mix of one-, two- and three-bedroom units ranging from 538 to 2,127 square feet. A fitness center and three …

GRAND PRAIRIE, TEXAS — Atlantic Multifamily has sold The Destino, 192-unit property in Grand Prairie to an undisclosed New York-based private investment company. The Destino was built in 2000 on 11 acres. Al Silva, senior managing director, and Ford Braly, senior vice president investments, of Marcus & Millichap’s Fort Worth office listed the asset on behalf of Atlantic Multifamily and secured the buyer. The 18-building, three-story, gated property features a pool, an outdoor kitchen, playground and dog park. The average unit size is 1,000 square feet.