Crazy eights: Metroplex multifamily portfolio sells

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​DALLAS – Texas-based Exponential Property Group has purchased the Quality Estates Value-Add Portfolio, an eight-property, 2,048-unit multifamily portfolio located throughout the Metroplex.​

According to Institutional Property Advisors (IPA), a division of Marcus & Millichap, the properties were constructed between 1977 and 1985 and held by a single owner for an average of 28 years. They are:

• Pecan Knoll, 358 units, Garland;
• Broadway Manor, 134 units, Garland;
• Quail Ridge, 292 units, Grand Prairie;
• Cedar Point of Arlington, 272 units, Arlington;
• The Woodlands, 346 units, Fort Worth;
• Marine Creek, 248 units, Fort Worth;
• Normandale Manor, 122 units, Fort Worth; and
• Emerald Hills, 276 units, Fort Worth.