Presented by: Dallas Business Journal

Nova Eagle Multifamily Property Fund II LLC, an affiliate of Miami-based Eagle Property Capital, has snapped up an Irving apartment property for an undisclosed sum.

The 184-unit complex at 1319 North Nursery Road was purchased from Westdale Silverado Ltd. CBRE’s Chris Deuillet represented the seller in the deal, while the buyer was self-represented.

The property had more than a dozen offers from out-of-state investors looking to take advantage of the well-performing real estate in North Texas, said Deuillet, a first vice president with CBRE.

Nearly every city in Dallas-Fort Worth has occupancies near their five-year highs and the operating market fundamentals for apartments have remained strong, he added. The influx of out-of-state investors banking on Texas is part of a much larger trend.

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