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BSR REIT to pay US$53M for Dallas multifamily complex

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BSR REIT to pay US$53M for Dallas multifamily complex

BSR Real Estate Investment Trust agreed to acquire the 372-unit Wimberly Apartments property in Dallas for approximately US$53.1 million.

The multifamily complex, sitting on approximately 16.8 acres, consists of 18 three-story apartment buildings.

The multifamily landlord expects to close the deal by March 29.