April 15, 2020
NorthMarq arranged the sale and financing of Vineyards at the Ranch I & II and Beacon Hill for WindMass Capital Partners. The two properties, which traded to WindMass for an undisclosed sum, represent a combined 1,656-unit community spread across 38.62 acres in the Northeast Dallas submarket.
A NorthMarq team of Taylor Snoddy, Philip Wiegand and James Roberts represented both buyer and seller on the Vineyards at the Ranch I & II transaction, and also brokered the Beacon Hill transaction. DP Partners LTD PS was the seller of Beacon Hill Apartments and Stone Ranch Owner/Stone Ranch Owners Two, LLC was the seller of Vineyards at the Ranch.
“The portfolio has tremendous upside in what is already a high rent growth submarket with competitive advantage due to the size of the deal,” said Wiegand.
NorthMarq’s Dallas debt/equity team of Stephen Whitehead, William Hancock and Lauren Bresky secured acquisition financing.
Pictured: Vineyards at the Ranch.
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Tags: Acquisition, Apartments & Multifamily, Broker, Financing
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