Three-property multifamily package sold in DFW

ARLINGTON – MacDonald Realty Group has sold a three-property multifamily portfolio totaling 532 units to three separate sellers.

Madera Residential purchased the 168-unit The Rochester, which was built in 1980 at 2604 Furrs St.

The 228-unit Aspen Woods at 2910 S. Collins St. was purchased by Sentinel Peak Capital. The buyer has renamed it The District on Collins.

Obsidian Capital purchased the 136-unit Cobble Hill. The property at 6050 Oakland Hills Dr. was built in 1983.

Marcus & Millichap marketed the properties, collectively called The MacDonald 3 Value-Add Portfolio.

The properties all closed within 30 days of one another and will undergo multi-million-dollar renovations to common area amenities, building exteriors, and unit interiors.