Top 10 Dallas Apartment Owners
The city continues to enjoy a thriving economy and a growing demographic expansion. However, as a result of the recent construction surge, the metro’s average occupancy rate decreased last year.

Last year nearly $5 billion was invested in Dallas multifamily assets, as the metro continued to attract both domestic and foreign investors. However, as a result of the recent construction surge, the average occupancy rate decreased in Dallas and Fort Worth alike. The demographic expansion in recent years has little impact on the housing sector. While the city’s population is growing nearly three times faster than the U.S. average, the increase in multifamily stock has remained almost on the same level with the nationwide rate.

This list highlights the metro’s top 10 private, REIT and institutional investor apartment owners, based on unit counts, according to Yardi Matrix data from December 2017. The total number includes units within projects that are completed, under construction, planned and prospective.
by Razvan Cimpean | Jan 05, 2018

8. CROSS EQUITIES
Cross Equities owns 28 multifamily properties in Dallas totaling a little more than 6,200 units, with Granite Redevelopment acting as property manager for all of them. The Addison-based firm purchased the 373-unit Tschannen Estates last year from a private owner, and in 2016 the 160-unit Spanish Timbers from a different private owner. The largest community Cross Equities owns is the 437-unit Spanish Village, located at 3232 Sumter Drive, acquired in 2012 from Latitude Management Real Estate Investors.