Residences at The Collection, Carrollton, TX August 16, 2016
Lantower Residential Expands DFW Portfolio with Purchase of Residences at The Collection
Dallas, Texas, August 16, 2016 – Dallas-based Lantower Residential, a national multifamily owner and operator, announced today that it has acquired Residences at The Collection, a 312-unit garden-style community in Carrollton, Texas. With Residences at Collection, Lantower now owns 3,220 units across the U.S (1,130 units in DFW).
Residences at The Collection is a strategically positioned Class A property built in 2012 with immediate access to the Sam Rayburn Tollway and Interstate-35. The community is ten minutes from Legacy Business Park with over 11 million square feet of global and regional headquarters, DFW International airport, and the underway Legacy West project, which will bring 20,000 new jobs to the area. Residences is comprised of luxury one and two bedroom apartments and two and three bedroom townhomes. The community amenities feature an elegant clubhouse with billiard, game room and coffee bar, a resort style pool, and townhomes with two car garages.
“The purchase of Residences at The Collection is consistent with our acquisition strategy – buying affordable Class-A luxury apartments near robust employment” said Philippe Lapointe, Chief Operating Officer of Lantower Residential. “In addition to our other Dallas submarkets (Plano and Fairview), we are very optimistic on the growth prospects of Carrollton and are pleased to add another luxury property located within the boundaries of top-rated schools.”
Lantower Residential is a vertically integrated real estate company specializing in the acquisition, ownership, and asset management of multifamily communities in the U.S.