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Knightvest Capital has acquired a 417-unit community in Dallas near the Southern Methodist University campus. The firm plans to rent the five-story property to students.
Built in 2012, the property is 88 percent occupied, according to Yardi Matrix data. Knightvest has rebranded the community, previously named Mockingbird Flats, as Belclaire, and plans to invest $10 million in improvements.
