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12/04/25
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In news of a recent multifamily trade out of Texas, Ashcroft Capital and Pearlmark Real Estate purchased Jefferson Cedar Ridge, a 360-unit luxury community located in Southwest Dallas. The price was not given out.
Jefferson Cedar Ridge is strategically positioned in one of Dallas’s fastest-growing submarkets, adjacent to I-20, I-35 and Hwy. 67, offering seamless access to Downtown Dallas, Arlington, Grand Prairie and DFW International Airport. The property is distinguished by its proximity to major recreational and lifestyle destinations including the 603-acre Cedar Ridge Preserve, Joe Pool Lake and the Arlington Entertainment District.
Richard Furr, Brian Murphy and Brian O’Boyle, Jr. with Newmark represented the seller, TDI, in the transaction. Braden Harmon, Hank Glasgow and Jeff Fein, also with Newmark arranged acquisition financing on behalf of buyer.
“Jefferson Cedar Ridge attracted significant interest, providing investors the opportunity to acquire a core Class A asset, adjacent to three major transportation corridors," said Furr. "This luxury 360-unit property was completed in 2024 and offers a highly attractive opportunity with modern design and robust amenities.”
According to Newmark Research, the high-growth Dallas-Fort Worth multifamily market continues to outperform national averages in rental demand and sales volume, reinforcing the area’s position as one of the country’s most resilient multifamily investment markets.
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