FRISCO – Madera Residential has purchased the 414-unit Stewart Creek Apartments.
Built in 1999, the property has one-, two-, and three-bedroom units.
Amenities include a business center, clubhouse, package lockers, picnic area, and a bark park.
Berkadia represented the seller, Univesco Inc., and arranged acquisition financing through Varde Mortgage Capital on behalf of the buyer.
The Texas Real Estate Research Center has more multifamily news online for free:
Source: REBusiness Online
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.