Colorado house agency buys three Dallas-Fort Price properties

A Colorado-based house firm has added to its North Texas holdings with the acquisition of greater than 900 rental items.

UDR Inc. simply bought three rental communities in Richardson, Frisco and Mansfield as a part of a greater than $400 million statewide property purchase. The agency is likely one of the nation’s largest house homeowners and builders with greater than 58,000 items nationwide.

The most important of the acquisitions is the 343-unit Lofts at Palisades Residences at 2525 Empire Dr. in Richardson. Inbuilt 2017, the rental neighborhood simply west of U.S. Freeway 75 has residences that begin at greater than $1,300 a month.

UDR additionally acquired Central Sq. residences in Frisco. The 296-unit rental property at 6235 Essential St. is within the Frisco Sq. growth and was inbuilt 2018. Rents within the property begin at greater than $1,200 a month.

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In Mansfield, UDR bought the Villaggio residences at 1701 E. Debbie Lane. The 273-unit neighborhood was inbuilt 2016.

As a part of the identical buy, UDR additionally acquired two house communities in Austin.

With the brand new properties, UDR’s portfolio features a dozen in North Texas. The agency’s largest holding is Vitruvian Park in Addison.

UDR additionally owns a high-rise house constructing website on Turtle Creek close to Dallas’ Uptown district.

Dallas-Fort Price is the nation’s prime house funding market, with nearly $2.6 billion in gross sales within the first half of 2023.

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