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Lone Star's Latest Sale Shows Surging Demand for Suburban Apartments

Dallas Investor Shedding 116-Property Portfolio
The aerial view of Port Washington, Long Island, New York. Photo: Alex Potemkin via iStock
The aerial view of Port Washington, Long Island, New York. Photo: Alex Potemkin via iStock
By John Doherty
CoStar News
March 4, 2019 | 8:46 P.M.

Lone Star Funds sold apartments again in another blockbuster deal, this one a half-billion-dollar sale on Long Island outside New York City. And the properties in question are once again one of the hottest commodities in U.S. real estate: Old, suburban apartments that need a good sprucing up.

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News | Lone Star's Latest Sale Shows Surging Demand for Suburban Apartments