DALLAS, TX – April 24, 2019 – HFF announces it has closed the sale of Villas of Josey Ranch, a 198-unit apartment community in the Dallas-Fort Worth submarket of Carrollton, Texas.

HFF marketed the property exclusively on behalf of the seller, a partnership between Harbert Management Corporation and Balfour Beatty Communities, and procured the buyer, Domain Communities.

Villas of Josey Ranch is situated on 12.37 acres at 2050 Keller Springs Road adjacent to Jimmy Porter Park.  In addition, the community is proximate to numerous retail and entertainment options and notable economic drivers, including the Platinum Corridor, Telecom Corridor®, Legacy Business Park and CityLine.  The property’s 19 two-story buildings comprise a mix of one- and two-bedroom units averaging 849 square feet, which are 96.5 percent occupied.  Community amenities include resort-style swimming pools, outdoor picnic area with grilling stations, outdoor kitchen, 24-hour fitness center business center, direct access garages and covered parking.

The HFF investment advisory team representing the seller included senior managing directors Bill Miller and Roberto Casas, managing director Rob Key and senior director Greg Toro.