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Florida investor takes rental community east of downtown Dallas


Florida investor takes rental community east of downtown Dallas
Steve Brown, The Dallas Morning News
A Florida investor that’s already a major apartment owner in the Dallas area has purchased another property east of downtown.
American Landmark Apartments has acquired the Olympus at Ross, a 368-unit rental community on Ross Avenue in East Dallas.
Built in 2013 at Ross and McCoy Street, the property has been owned by Fort Worth-based Olympus Property since 2015.
With the purchase, American Landmark now has 21 apartment communities in the Dallas-Fort Worth area.
“Dallas has maintained a favorable position in multifamily circles due to its exemplary fundamentals and ability to accommodate suburban growth,” Christine DeFilippis, chief investment officer of American Landmark, said in a statement. “Because of this, it’s attracted plenty of capital but also become increasingly competitive. ....

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Related Group Sells Royal Palm Beach Apartments for $119M


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Related Group sells Royal Palm Beach apartments for $119M
392-unit community was built in 2019
Miami /
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The complex at 10900 Town Circle with (from left) Group chair and CEO Jorge Pérez and President Jon Paul Pérez and Pantzer Properties co-CEOs Jason and Jordan Pantzer (The Point at Wellington, Related, Pantzer)
The Related Group sold a Royal Palm Beach multifamily complex for $119.4 million.
New York-based Pantzer Properties, through an affiliate, bought the 392-unit community at 10900 and 11020 Town Circle, according to records. The buyer scored an $82.1 million loan by taking over an existing $52.8 million mortgage and borrowing an additional $29.3 million from Walker & Dunlop. ....

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