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September 22, 2022
Local shop Weidner Apartment Homes has acquired the 396-unit Cityplace Heights in Dallas, according to the The Dallas Morning News and other sources. Terms were not announced, though a $75 million loan from Morgan Stanley was reported. Seller Sentinel Real Estate, of New York, acquired the five-story building in 2015. The deal brings Weidner's portfolio to over 58,000 units, with over 280 properties spanning a region from Alaska to Wisconsin.
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