A Florida-based firm has purchased and plans to perform improvements on two northeast Dallas apartments complexes, both in close proximity to the Lake Highlands neighborhood.

Montclair

Montclair: Pensam Capital

Apartments, condos, high-density, multi-family communities, rentals, extended-stay hotels — whatever you wish to call them — have long presented our neighborhood with crime and code problems, so it is with skeptical optimism that we consider Pensam Capital’s acquirement of two area complexes, St. Andrews, a 312-unit complex near Greenville and I-635 and Montclair, a 324-unit on Markville, nearby.

St. Andrews: Pensam Capital

St. Andrews: Pensam Capital

Pensam will make improvements to both properties, representatives note.

At St. Andrews: “Pensam will complete full property renovations.” At Montclair: “Pensam will perform exterior enhancement and interior upgrades.”