GARLAND, TEXAS — Metro Wing LLC, a Denver-area investment group, has acquired a 59-unit multifamily community in the Dallas/Fort Worth suburb of Garland. The group purchased the foreclosed property, Kent Apartments, from the Wachovia Bank REO division for $900,000. Kent Apartments, which was put into foreclosure last fall, consists of one- and two-bedroom units throughout four buildings on 2.1 acres. Metro Wing has implemented a 60-day property stabilization plan and improvements are already under way.
Source: REBUSINESS ONLINE