Cove Capital Investments has completed the purchase of a 159-unit, 130,128-square-foot, value-add multifamily community in the growing Dallas Fort-Worth area.
The financial terms were not disclosed.
Built in 1983, the two-story community features one-, two- and three-bedroom floorplans across 16 buildings. Common-area amenities include a swimming pool, a fitness center, a business center and laundry facilities.
Located at 1255 West Pleasant Road, the community is roughly 15 miles south of downtown Dallas. Pleasant Creek is near Interstate 35 and I-20, as well as State Highway 342, offering access to several dining, shopping and entertainment options. Northrup Grumman Systems, Dallas Boss Truck Stop and FFE Logistics are among the area’s employers.
The investment will be part of the Cove Dallas Multifamily 59 DST, a Regulation D, Rule 506c offering, which will allow accredited investors to participate in the acquisition of a multifamily community with va
