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 Matthew Pastrano with CBRE Capital Markets Investment Properties in Dallas represented the buyer and seller. Josh Berde, Andrew Woertendyke and Peyton Chur with CBRE Debt & Structured Finance arranged a loan on behalf of the buyer.