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HLC Equities Buys Windscape

Investment Firm Acquires Grand Prairie Multifamily
January 7, 2015
HLC Equities, a national real estate investment holding group and property manager, acquired the 154-unit Windscape apartment community in Grand Prairie, TX from Pure Multi-Family REIT for $10.5 million, or approximately $68,000 per unit.

Windscape was built in 1985 and consists of 13 buildings over 8.52 acres. The complex includes such amenities as a fitness center and a pool. Mosaic Realty will manage the property.

Pure Multi-Family REIT originally acquired the asset in July 2012 as part of its initial public offering portfolio for slightly less than $8.4 million.

For more information on the acquisition, please see CoStar Comp #3188460.
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