Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by AMG Ventures for the sale of Geneva 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.

Geneva Apartments, built from 1959 to 1963, is composed of nine buildings and 210 units. Located in the high demand North Oak Cliff neighborhood, Geneva Apartments is one mile from Downtown Dallas and enjoys quick and convenient access to Downtown via a number of key thoroughfares, such as I-35E and I-30, as well as the Jefferson Boulevard Viaduct, which leads directly into the Dallas Central Business District.

"Geneva Apartments is a unique value-add opportunity that is hard to find in today's market, as none of the buildings or units have been renovated to date," said Mr. Banerjee. "In addition, the area has been rezoned and renamed the 'Oak Cliff Gateway' project and the property is directly in the heart of it. Eight of the property’s nine buildings now allow for new construction up to eight stories, making this an appealing redevelopment opportunity, especially considering the Oak Dairy Farm project underway just north of Geneva Apartments," 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; Fort Worth, TX; and Norfolk, VA. 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