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Brazos Residential Acquires 248-Unit Rush Creek Multifamily In Arlington Texas

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SOLD
Nick Fluellen
Bard Hoover
+ 1

Texas

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MultiFamily
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SOLD

Brazos Residential Acquires 248-Unit Rush Creek Multifamily In Arlington Texas

1200 West Sublett Road

See Similar Deals
MultiFamily
Sold
Nick Fluellen
Bard Hoover
+ 1
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The property at 1200 West Sublett Road is a multifamily asset consisting of 248 units situated on 16 acres in Arlington, Texas. It is categorized as affordable housing and benefits from a loan assumption and approval from the Texas Department of Housing and Community Affairs.

Summary of transation details:

Will Hancock of Brazos Residential is the buyer, with plans to enhance the property while maintaining its affordability. Marcus & Millichap facilitated the sale of Rush Creek, showcasing their role in the transaction through the efforts of the brokers involved.

Players

Nick Fluellen
38 deals$8.5M volume(972) 755-5214
BROKER

Bard Hoover
Marcus & Millichap
40 deals$8.5M volume
BROKER

Wesley "Wes" Racht
Marcus & Millichap
16 deals$48.7M volume
BROKER

Details

SOLD
IMAGE: Will Hancock, Bard Hoover, Nick Fluellen, Sam Pettigrew & Wesley Racht DATE: 10/07/2024 ADDRESS: 1200 West Sublett Road MARKET: Arlington ASSET TYPE: Multifamily ~ UNITS: 248 ~ ACRES: 16 BUYER: Will Hancock - Brazos Residential BROKERS: Bard Hoover, Nick Fluellen (@Nick_Fluellen), Sam Pettigrew & Wesley Racht (@WesRacht) - Marcus & Millichap (@MarcusMillichapinc) NOTE: Marcus & Millichap has announced the sale of Rush Creek, a 248-unit affordable housing complex in Arlington, Texas, facilitated by a loan assumption and approval from the Texas Department of Housing and Community Affairs. The buyer, Brazos Residential, plans to enhance the property while maintaining its affordability and fostering a vibrant community, with amenities including a pool, business center, and children's classroom.

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