Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by Republic Funds for the sale of Royal Lane Apartments, a multifamily property located in Dallas, TX.

Greysteel Managing Director, Boyan Radic; Senior Director, Doug Banerjee; and Investment Associates, Andrew Mueller, Ryan Hill, and Andrew Hanson; of the Company’s Dallas and Fort-Worth offices, are marketing the property.

Royal Lane Apartments, located at 2825 Royal Lane, was built in 1966 and totals 172 units. Property amenities include a courtyard, picnic area, playground, and on-site laundry facilities. Boasting a 99% average occupancy rate over the last 12 months, the property is an attractive residence due to its prime location in Northwest Dallas and close proximity to Interstates 635 and 35E as well as the Royal Lane DART station. This property presents a unique value-add opportunity, as currently only four units have been upgraded, allowing new ownership to implement a personalized renovation program to maximize property value.

”Royal Lane offers a rare opportunity for a new buyer to step in and capitalize on very low rental rates compared to the nearby competition since only four of the units have recently been renovated,” said Mr. Banerjee. “New ownership can easily increase property rents to market rates, as the asset has maintained high occupancy and low turnover rates for the last two years,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; and Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.www.greysteel.com