Cleveland-Based Firm Acquires 504-Unit Property In Irving-Las Colinas

Cleveland-based real estate fund manager Citymark Capital has acquired a 504-unit complex in the Dallas area.

The Lyndon is located near Irving and is about a 10-minute drive from DFW International Airport. The property offers access to the Dallas area through I-635 and is within a three-mile radius of Cypress Waters and Las Colinas Urban Center.

The complex has one-, two- and three-bedroom units, a pool and a fitness center. Some units have fireplaces, walk-in closets and balconies.

“We continue to see attractive multifamily investment opportunities and are excited about this opportunity for our investors,” Citymark Capital CEO and president Dan Walsh said in a statement. “The Lyndon marks our third investment in the Dallas market as we continue to execute our strategy of investing in institutional quality apartments with the goal of improving living experiences and adding value in the communities.”

Read the full story at Dallas Business Journal.