Michaelson Real Estate Group, LLC and a private equity investor aquire Spanish Square Apartments in Dallas, Texas

Michaelson Real Estate Group, LLC and a private equity investor have acquiredSpanish SquareApartments, a 168-unit apartment community in Dallas, Texas.

The Dallas-Fort Worth metroplexis known for its strong economy, sports and cultural opportunities. Located at 2029 Dayton Street, Spanish Square isconveniently located near major thoroughfares including the Interstate 820, Highways 377 and 121, military bases and many major employers. The community is within walking distance to elementary schools, grocery stores, educational institutions and shopping centers. It is a short drive to the Stockyards, Six Flags, Texas Motor Speedway as well as Fort Worth Botanic Garden, Fort Worth Zoo and Fort Worth Museum of Science and History.

Built in 1968, Spanish Square features one, two and three-bedroom apartments in five different floor plans with fully equipped kitchens withfrost-free refrigerators, dishwashers and garbage disposals, carpeted/upgraded vinyl floors andprivate balcony/porches. The property also boasts a superior amenity package including a clubhouse, playground and picnic area.

Major recent renovations include over $561,000 in interior renovations and $189,000 in exterior renovations including numerous resident gathering areas and a children’s splash pad.

Michaelson is a full service multi-family housing and commercial real estate management and investment firm. Michael N. Moses, the principal, is a seasoned real estate executive and entrepreneur with more than 30 years of experience in the multifamily market. In addition to Texas, Michaelson operates in Florida, Tennessee and North Carolina.