Boston, MA – (October 1, 2018) GID announced today that it has acquired Modera by the Galleria, a 321 unit apartment community located in the Midtown submarket of Dallas, Texas. Modera by the Galleria is one of six assets acquired by GID as part of the nationwide Elite Apartment Portfolio transaction. The property is adjacent to the Dallas Galleria offering residents walkability to significant retail and several places of employment. Both urban and suburban employment centers are easily accessible due to the property’s close proximity to the Dallas North Tollway and the LBJ Freeway.
Built in 2018, the mid-rise property was constructed as a five-story wrap building. The community features a swimming pool, courtyard with grills, a two-story fitness center, business center, dog park, and a two-story clubhouse with a social kitchen. Unit finishes consist of nine to ten foot ceilings, quartz countertops, designer backsplashes, wood plank style flooring, and stainless steel appliances.
Gary Kroll, Senior Vice President and Director of Central Region Acquisitions commented, “Given its close proximity to the Galleria, Modera Near the Galleria offers residents a unique live, work, play environment in North Dallas. We are excited to add another great asset into our expanding Dallas portfolio.”