Author: tangelakolios01
Magma Equities Teams with Franklin Templeton on Dallas Multifamily Acquisition
Palencia Apartment Homes MANHATTAN BEACH, Calif. – April 6, 2022 – PRLog — Magma Equities (“Magma”), in a joint venture with funds managed by Franklin Templeton (“Franklin Templeton”), has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas, its fourth multifamily investment in the Dallas/Ft. Worth metro since opening a regional headquarters here late last year. Palencia Apartment Homes’ studio, one- and two-bedroom apartment homes are housed in nine three-story residential buildings on a 9.61-acre site. Common area amenities include two swimming pools, a clubhouse, fitness center, business center, and picnic and grilling area. The Magma led joint ... Read more