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Dallas' Cityplace Tower landlord seeks to add nearly 1,000 apartments

NexPoint Diversified Real Estate Trust could begin multiphase project by year's end
NexPoint plans to invest $445 million at Cityplace Tower to add nearly 1,000 residential units. (Mike Healey/CoStar)
NexPoint plans to invest $445 million at Cityplace Tower to add nearly 1,000 residential units. (Mike Healey/CoStar)

The landlord behind Cityplace Tower is getting ready to invest $445 million into a multiphase redevelopment of the 42-story, 1.35-million-square-foot tower in Dallas and its surrounding acreage in a move expected to bring nearly 1,000 residential units to the property.

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