Draper and Kramer, Incorporated, a national real estate services firm, today announced it has expanded its Texas multifamily portfolio with the acquisition of Crest at Las Colinas Station, a 374-unit luxury rental community in Irving, a northwest suburb of Dallas. The property was purchased by Draper and Kramer through a 1031 exchange following the firm’s 2019 sale of Prairies Shores, a 1,675-unit, multi-building apartment community in Chicago’s Bronzeville neighborhood. Terms of the Irving transaction were not disclosed.
