The 61-building property, Oak Creek Apartments, located at 1611 Oak Creek Ln. is 92% occupied.
BEDFORD, TX—Due to lack of land in the route between Dallas and Fort Worth, investors are turning to class-B opportunities that have upside potential. A recent acquisition is an example of that, and one of the largest class-B communities in the midcities area. The 464-unit property, Oak Creek Apartments, was acquired by Transwestern Investment Group and S2 Capital LLC on behalf of one of the duo’s managed funds.
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Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.