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Dallas—A Performance Properties LLC -headed partnership has purchased the 370- unit Linda Vista Apartments in North Dallas. With this acquisition and the previously purchased Vista Buena Apartments , the partnership has added nearly 800 units on 27 acres along the Cottonwood Trail, a hiking and biking amenity, since late last year. Both communities are situated in a neighborhood renowned for its easy freeway access in all directions. The properties are located in the northwest quadrant of the $261 million High Five Interchange, Dallas- based Performance Properties reported . Across its 18 buildings, 35-year-old Linda Vista Apartments features a mix of efficiencies and one- and two- bedroom units averaging 667 square feet in size. Performance Properties is in the process of completing a $1 million renovation at Vista Buena, and will soon launch a $700,000 renovation of Linda Vista. Included will be building exterior, common area and unit interior improvements . In addition to its l...

SEATTLE , June 28, 2016 /PRNewswire/ -- On June 23, 2016 , Security Properties purchased Avanti Apartments , a 414-unit, Class A multifamily property located in Las Vegas, NV , for $57,500,000 . It is SP's fourth purchase in the Las Vegas market.   Photo - http://photos.prnewswire.com/prnh/20160627/383792 Photo - http://photos.prnewswire.com/prnh/20160627/383793 The Class A asset was built in 2010 and the units feature nine-foot ceilings with decorative crown molding , faux wood-style flooring, GE steel appliance package , large walk-in closets, garden-style tubs and stackable washer/dryers.  Additionally, Avanti offers a complete amenity package including a resort-style pool with spa and cabanas, state-of-the- art fitness center , fireside lounges and picnic areas with barbecues.   Security Properties will execute a light renovation of the unit interiors. The property is ideally located along the Bruce Woodbury Beltway in northwest Las Vegas . The area currently has the lowe...