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Lone Star Funds sells North Texas apartment property to West Coast investor

MG Properties seeks more apartment acquisitions in North Texas
MG Properties has purchased this 12-building, 458-unit apartment property in a Dallas-area suburb. The CityLine campus, anchored by State Farm Insurance, sits in the background. (CoStar)
MG Properties has purchased this 12-building, 458-unit apartment property in a Dallas-area suburb. The CityLine campus, anchored by State Farm Insurance, sits in the background. (CoStar)

A West Coast investment firm has expanded its Texas portfolio by purchasing a big apartment property from Lone Star Funds.

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