SAN FRANCISCO -- National Capital Management Corp. said it acquired Redbird Trails Apartments in Dallas from the Resolution Trust Corp. through a limited partnership whose sole general partner is the company's NCQ Really Inc. subsidiary.

The company said the purchase price was $3,856,000, consisting of cash and a new first mortgage to the RTC for $3,277,600.

National Capital said it also has agreed to invest up to $771,000 in capital improvements to the property. The company said the property consists of a 17-building, 252-unit complex on about 11 acres.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.