Magic Johnson Enterprises picks up Texas apartment property
Posted by Natasha Everingham | Posted in Real Estate Agent | Posted on 25-07-2011
Tags: Apartment Property, Johnson Enterprises, Magic Johnson Enterprises, Property
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Photo courtesy of Canyon-Johnson Urban Funds
Earvin “Magic” Johnson
A investment group owned by Magic Johnson Enterprises has purchased The Dylan, a 125-unit apartment property on Cedar Springs Drive in the Oak Lawn area of Dallas, Texas.
The financial details of the transaction were not immediately available Tuesday afternoon.
Canyon-Johnson Urban Funds is a joint venture between Canyon Capital Realty Advisors Canyon Capital Realty Advisors Latest from The Business Journals California investor picks up 125-unit Oaklawn apartment propertySouth Florida’s green community aims for platinum certificationAndre Agassi opens charter school real estate fund Follow this company and an affiliate of Magic Johnson Enterprises. The venture plans to enhance the operations of the apartment community in the next three to five years.
The details of the enhancement were not immediately available.
The Dylan, which was built in 2009, is a Class A multifamily property built as for-sale condos and converted into an apartment community.
“We are dedicated to bringing quality housing to dense urban areas like Dallas with a strong employment base and growing economy,” former NBA player Earvin “Magic” Johnson, said in a written release. “The Dylan is a very good project for the people of Dallas, and fits right into Canyon-Johnson’s program of investing in urban America.”
A investment group owned by Magic Johnson Enterprises has purchased The Dylan, a 125-unit apartment property on Cedar Springs Drive in the Oak Lawn area of Dallas, Texas.
The financial details of the transaction were not immediately available Tuesday afternoon.
Canyon-Johnson Urban Funds is a joint venture between Canyon Capital Realty Advisors Canyon Capital Realty Advisors Latest from The Business Journals California investor picks up 125-unit Oaklawn apartment propertySouth Florida’s green community aims for platinum certificationAndre Agassi opens charter school real estate fund Follow this company and an affiliate of Magic Johnson Enterprises. The venture plans to enhance the operations of the apartment community in the next three to five years.
The details of the enhancement were not immediately available.
The Dylan, which was built in 2009, is a Class A multifamily property built as for-sale condos and converted into an apartment community.
“We are dedicated to bringing quality housing to dense urban areas like Dallas with a strong employment base and growing economy,” former NBA player Earvin “Magic” Johnson, said in a written release. “The Dylan is a very good project for the people of Dallas, and fits right into Canyon-Johnson’s program of investing in urban America.”
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