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Dallas Morning News A venture of Dream Unlimited Corp. and Pauls Corp. has paid $178 million, or about $148,333/unit, for a portfolio of 1,200 North Texas apartment properties. Blackstone Real Estate Income Trust sold the portfolio, which is 95 percent ...
94.3 percent occupied. Steadfast is re-branding the property the Pointe at Vista Ridge. Steadfast financed its purchase with a $29.1 million Fannie Mae loan written by PNC Bank. The loan has a 10-year term and pays a rate pegged to ...
Fully leased. An identified lender provided $18.5 million of debt for the purchase. The 10-year mortgage has a fixed rate of 4.28 percent.
The purchase was financed with a mortgage from Freddie Mac that Holliday Fenoglio Fowler arranged.
PCCP paid cash for the property and would consider placing debt on it in the future.
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