Wellington Realty Announces Sale of Summer Glen Apartments
Purchaser Acquires 206-unit Property in Popular East Dallas Neighborhood
DALLAS, December 18, 2015 –Wellington Realty, a commercial real estate services company with brokerage and management capabilities serving the four major markets in Texas, announced the successful sale of the Summer Glen Apartment complex located at 9624 Rolling Rock Ln in Dallas.
With a total of 206 apartment units, the Summer Glen Apartment complex was built in 1972 and renovated in 2000. David Shaffer, Kirby Hall Jackson III and Caleb Jones of Wellington Realty sold the asset.
“My team was able to locate an undervalued asset with tremendous opportunity for appreciation,” said Kirby Hall Jackson III, Investment Analyst, Wellington Realty. “This acquisition will not only meet our clients short term goals, but in turn provide added value for the client’s long term objectives.”
Conveniently located near Lyndon B Johnson Freeway, the Summer Glen Apartments are in the popular East Dallas neighborhood. The property’s already favorable location is also enhanced by the fact that it is located within the Richardson Independent School District. Wellington Realty assisted in the transaction.
“Our in-depth knowledge of the White Rock submarket enabled us to achieve the purchasers’ price expectations,” said Caleb Jones, Brokerage Associate, Wellington Realty. “This allowed us to meet the closing date without any problems; a process that we strive for with each transaction.”