Danville Townhouse Longview LP has sold two Longview-area apartment complexes with a total of 101 units to a North Texas private investor, according to Vanguard Real Estate Advisors of Dallas, which handled the sale.
The sale involves the 89-unit Townhouse South Apartments at 5518 W. Loop 281 in Longview and 12-unit The Place on Danville at 2060 Danville Road in Kilgore.
Terms of the transaction were not disclosed. However, information from the Gregg County Appraisal District shows Townhouse South with a market value of $547,250 and The Place on Danville valued at $470,210.
The appraisal district shows Norman A. Eastwood of Plano as the representative for Danville Townhouse Longview LP.
The sale was handled by the Vanguard disposition team led by Jordan Cortez.