German American Realty has sold the 'Woodbridge Villas' apartment complex in Dallas after seven years for 40.2 million US dollars, which corresponds to an increase in value of 25 percent. The successful implementation of the value-add strategy has led to this result.
The housing crisis is changing the market, the multifamily segment is facing a new phase of growth and attractive conditions for an anti-cyclical market entry.
The Jax apartment complex comprises 322 units and is located in the northwest of San Antonio, close to the city's main business centers. The purchase price was significantly below restoration costs.
