BSR REIT Announces Purchase of the Venue Craig Ranch Apartments in Suburban Dallas and Redemption of Convertible Debentures

BSR Acquires Texas Apartment Complex for $61M

BSR Real Estate Investment Trust of Little Rock announced that it has acquired multifamily project The Venue Craig Ranch Apartments in McKinney, Texas, for $61 million. It’s the company’s first acquisition since 2021, when it purchased three apartment properties in Texas for a total of $273.6 million. BSR is funding its latest acquisition by drawing on its revolving credit facility and intends to sell about $60 million in assets in 2025 to reduc…

BSR REIT Announces Purchase of the Venue Craig Ranch Apartments in Suburban Dallas and Redemption of Convertible Debentures

LITTLE ROCK, Ark. and TORONTO, Jan. 9, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX:HOM) (TSX:HOM) announced today that it has acquired The Venue Craig Ranch Apartments ("The Venue") in the fast growing McKinney submarket of the Dallas/Fort Worth ("DFW") metropolitan statistical area ("MSA") for a purchase price of $61 million. The Venue is a Class "A" multifamily community constructed in 2017 with 277 apartment units…