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BSR REIT Acquires The Ownsby in Dallas-Fort Worth MSA for $87.5 Million
BSR REIT Acquires The Ownsby in Dallas-Fort Worth MSA for $87.5 Million Canada NewsWire...
About this update from Bsr Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n BSR REIT Acquires The Ownsby in Dallas-Fort Worth MSA for $87.5 Million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n LITTLE ROCK\n \n , Ark. and TORONTO\n \n ,\n \n\n Aug. 13, 2025\n \n\n /CNW/ - BSR Real Estate Investment Trust (\"BSR\" or the \"REIT\") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has purchased The Ownsby Apartments (\"Ownsby\") in the fast-growing\n \n Celina, TX\n \n submarket of the Dallas-Fort Worth MSA for\n \n $87.5 million\n \n .\n \n\n \"The addition of another high quality, newly developed lease-up property in a fast-growing\n \n Texas\n \n submarket is the perfect complement to our portfolio,\" stated\n \n Dan Oberste\n \n , BSR's Chief Executive Officer. \"The Ownsby will be another example of a community that can benefit from the BSR platform's proven ability to maximize value through predictable rotations into best-in-class investments in\n \n Texas\n \n .\"\n \n\n Completed earlier this year, The Ownsby comprises 368 apartment units, including one, two, and three-bedroom suites. Units feature up to 10 ft. ceilings, quartz countertops, walk-in showers, gourmet kitchens and direct access garages. Property amenities include a resort style pool, movie theater, modern fitness center, golf simulator, private offices, bike storage and pet spa. The US Census Bureau named\n \n Celina, TX\n \n the fastest growing city in the US in 2023 and it grew by 19% in the twelve months ending\n \n July 2024\n \n . The Ownsby has easy access to the Dallas Parkway and to major employers including Toyota, PGA of America, Baylor Medical Center, American Airlines and AT&T.\n \n\n\n About BSR Real Estate Investment Trust\n \n\n BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of\n \n Ontario\n \n . The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of\n \n the United State...