Colorado-based apartment firm UDR has purchased three North Texas rental communities.
A Colorado-based apartment company has added to its North Texas holdings with the purchase of more than 900 rental units.
UDR Inc. just purchased three rental communities in Richardson, Frisco and Mansfield as part of a more than $400 million statewide property buy. The firm is one of the country’s largest apartment owners and developers with more than 58,000 units nationwide.The largest of the acquisitions is the 343-unit Lofts at Palisades Apartments at 2525 Empire Dr. in Richardson. Built in 2017, the rental community just west of U.S. Highway 75 has apartments that start at more than $1,300 a month.
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