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Dallas-based Reap Capital purchased the 136-unit Spanish Trace apartments, according to a press release. Located at 1929 E. Grauwyler Road in Irving, the property was sold by another Dallas-based company, Lane Star Properties. The complex was 88 percent leased at the time of its sale. Terms of the deal were not disclosed.

Chris Deuillet and William Hubbard with CBRE Capital Markets’ Investment Properties in Dallas represented the seller. William Givens and Robert Siddall with CBRE Debt & Structured Financing group arranged the financing on behalf of the buyer.

Read the full story at Dallas Business Journal.

 
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