CREC Real Estate and BKE Capital have jointly acquired Prairie Court Apartments.
Prairie Court is a 5.3-acre property built in 1967 and located at 531 S. Belt Line Road. The property is a 123-unit, Class C+ multifamily community located in Grand Prairie, Texas.
CREC Real Estate is a private equity real estate investment firm focused on multifamily investment in secondary cities throughout the United States. BKE is a vertically integrated multifamily company affiliated with the company Property Management, which manages over 5,000 units.
“We are excited to collaborate with our partners at BKE to turn Prairie Court into a preferred community in Grand Prairie,” said Aaron Dixon, president of CREC. “Multifamily is expected to continue to be a great housing option for renters in the Dallas-Fort Worth area, and we see an important value-add opportunity in renovating the Prairie Court property to meet the needs of today’s renter.”