A Deep Ellum rental community has been snapped up by an international investor.
The Crosby apartments were built starting in 2018 on Hall Street several blocks south of the Baylor Scott & White Medical Center.
The five-story, 336-unit project was built by Dallas-based Stillwater Capital.
The apartment community includes a 3,000-square-foot shared office space, a rooftop deck and lounge, a fitness center and a dog park. HLR Architects designed the project with rental units ranting from 535 to 1,176 square feet.
Studio apartments in the community start at between $1,300 and $1,400 a month.
The property just sold to a company headed by AEW Capital Management, deed records show.
AEW is one of the world’s largest property investors with about $85 billion of real estate and securities in North America, Europe and Asia.
The Crosby apartment sale is the latest in a string of high-profile North Texas rental communities to change hands. Dallas-Fort Worth has been one of the country’s most active markets for apartment investment.
