Dallas-area apartment complex sold

Low vacancy rate at closing

CWS Capital Partners recently closed on the sale of a 398-unit multifamily complex in Coppell, Texas, for an undisclosed price. CNC Investments purchased the property -- Townlake of Coppell -- for an undisclosed amount free and clear of debt. Situated on 17.5 acres at 215 North Moore Road, Townlake of Coppell features one-, two- and three-bedroom units averaging 882 square feet each. Community amenities include a clubhouse, playground, fitness center, basketball court, jogging trails, two swimming pools and covered parking. At the time of sale, the property was 95 percent occupied. ...