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Boston Capital Real Estate Partners has acquired Camden Cimarron, a 286-unit multifamily property in Irving, Texas, on behalf of its value-add vehicle dubbed BCRE Fund II. Institutional Property Advisors represented the seller and procured the buyer.
Camden Property Trust previously owned the asset, according to Yardi Matrix. The garden-style property has been 96 percent occupied during the past year, IPA Senior Managing Director Joey Tumminello said in prepared remarks.
Completed in 1992, the community is at 101 Cimarron Trail within the Valley Ranch master-planned community, some 9 miles from the DFW International Airport. Downtown Dallas is 18 miles away.