|
|
8/29/16
|
The Bascom Group LLC recently purchased a 260-unit multifamily community located in the desirable North Dallas city of McKinney, TX. The price was not disclosed.
Built in 1997, the property consists of 24 two-story residential buildings and one stand-alone leasing center spread across 20 acres. The unit mix is comprised of 25% one bedroom units and 75% two bedroom units averaging 873 sf. The seller was also the original developer.
Community amenities include a clubhouse, small fitness center, pool, tennis court and ample greenspace. The property is located 30 miles north of downtown Dallas. McKinney is home to more than 11,000 firms across a diverse array of industries, including: medical, technology, data management, manufacturing, sustainability, aviation, defense, retail, office and transportation.
The transaction was brokered by Sperry Van Ness. Debt financing from EastWest Bank was arranged by John Brownlee and De’On Collins of HFF. James D’Argenio sourced and managed the acquisition for Bascom.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
