Multifamily REIT gains Texas complex

240 upscale apartments included in deal

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Mid-America Apartment Communities acquired the Watermark apartment community located in the Dallas/Ft. Worth submarket of Roanoke, Texas. The value of the transaction was not disclosed. The 240-unit property was built in 2002 and consists of one- and two-bedroom upscale apartment homes with 9-foot ceilings, kitchen gourmet island countertops and built-in computer workstations. The community also features a private lake with cascading fountains. MAA is a self-administered, self-managed apartment-only real estate investment trust. *** What's your opinion? Send your Letter to the Editor to