Building of the Week

2215 Cedar Springs Rd Dallas, TX

Originator: Prudential

Loan Amount: $300M

Origination Date: 1/12/2015

Property Type: Multi-Family

Purchase Date: 10/10/2013

Purchase Price: $532.86M

Did you know? Constructed in 2003, The Ashton is Dallas’s solution to high-rise luxury apartment rentals with the Uptown area. Located within the upscale neighborhood’s nearby boutiques, fashion, dining and entertainment, The Ashton is far from being the only trendy Multi-Family property. Considering its close proximity to Nobu, the rental price per square foot is competitive and a recent $300 million from Prudential’s Multi-Family mortgage branch will keep the property well maintained and attracting tenants for time to come.

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