Panther Transaction Group, partnered with a Dallas multifamily investor, has acquired the Glen Arbor apartment community in Irving. Ty Smith, a Panther Transaction Group partner, was part of the acquisition team. Transwestern Commercial represented the seller. The partnership plans to make $500,000 in renovations, mostly interior improvements. Occupancy at closing topped 94 percent. Glenn Arbor Apartments is a 320-unit complex at 4003 N. Belt Line Road in Irving, with units that average 666 square feet.

Print Friendly