The Connor Group buys Dallas luxury apartment community from Greystar

Greystar Real Estate Partners has sold Dallas-based Avana West Lemmon, a luxury apartment community, to The Connor Group. No financial terms were disclosed. PRESS RELEASE Dallas, TX (December 5, 2017) – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of rental housing properties, today announced, on behalf of Greystar Equity Partners VIII, L.P. (“GEP VIII”), the sale of Avana West Lemmon, a 372-unit luxury apartment community in Dallas, Texas, to real estate investment firm The Connor Group. The transaction marks the first sale for GEP VIII. “The sale of Avana West Lemmon marks the first disposition for Greystar Equity Partners VIII.. We are pleased with the outcome of the transaction, and believe the attractive price we were able to command demonstrates the effectiveness of our value-add strategy,” said Kevin Kaberna, Executive Director and leader of Greystar’s US Investment platform. “We will continue to…

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