Madera Residential Acquires Multifamily Property In Dallas For $47.9M

The multifamily property located at 4525 Cole Ave in Dallas has been sold in a closed transaction. The property consists of 165 units and spans approximately 28,000 square feet. The acquisition loan for this property was secured by Madera Residential, represented by Dave Gilles. The loan amount obtained was $47,900,000 on an initial term of four years with a floating-rate loan type. The brokers involved in this transaction were Jon Wooton, Mike Bryant, and Victoria Langston from CBRE. The seller in this deal was MSD Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,900,000
• Units: 165
• Square Footage: 28,000
• Address: 4525 Cole Ave, Dallas
• Market: Dallas

The loan obtained for this acquisition is expected to provide financial support for the ongoing operations and future development of the multifamily property. The involvement of Madera Residential, with representation from Dave Gilles, highlights their commitment to expanding their portfolio in the Dallas market. The brokers from CBRE, Jon Wooton, Mike Bryant, and Victoria Langston, played a crucial role in facilitating the transaction and ensuring its success. On the other hand, MSD Capital made the decision to sell the property, indicating their strategic real estate divestment.