DALLAS-FORT WORTH – Manhattan Five Partners has acquired a six-property multifamily portfolio totaling 2,167 units.
The properties, all built between 1970 and 1985, include:
The Hangar, a 268-unit asset at 201 S. Clark Rd. in Cedar Hill;
The Annex, a 267-unit complex at 4709 Samuell Blvd. in Mesquite;
Forty200, a 512-unit community at 4200 US 80 Frontage Rd. in Mesquite;
Residence on Lamar, a 482-unit property at 1224 E. Lamar Blvd. in Arlington;
Amp at the Grid, a 446-unit community at 765 Polk Dr. in Arlington; and
Current at the Grid, a 192-unit complex at 724 Polk Dr. in Arlington.
NorthMarq represented the seller, S2 Capital Partners.
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.