Southstar Woodcreek Developer LLC purchased the 850-acre master-planned Woodcreek community in this town near Rockwall.
Woodcreek, which is seven miles northeast of Lake Ray Hubbard near I-30, currently has 1,500 homes. It is designed to accommodate more than 4,600, so the new owner plans to add more homes and make other enhancements.
Provident Realty Advisors will continue to manage Woodcreek. Acquisition financing was provided by United Development Funding.
Source: Dallas Morning News