Tri-City Equity Group Acquires 140-Unit Cottages At Bell Station From Michael B. Phillips

The transaction involved a 140-unit build-to-rent community located at 10150 E Hurst Blvd in the Hurst market. The property spans 10 acres and was completed in 2021. This multi-family asset represents a growing demand for infill build-to-rent properties in the Dallas Fort Worth area, fueled by limited supply and close proximity to major employers.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Address: 10150 E Hurst Blvd
• Market: Hurst
• Units: 140
• Buyer: Tri-City Equity Group
• Seller: Michael B. Phillips - MBP Capital
• Broker Representatives: Taylor Snoddy, Eric Stockley & Charles Hubbard - NorthMarq

Northmarq’s Dallas team facilitated the sale of Cottages at Bell Station, representing seller MBP Capital LLC in the transaction with buyer Tri-City Equity Group. The deal highlights the active interest from investors in the DFW market for build-to-rent assets.