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Tri-City Equity Group Acquires Fully Occupied Multifamily Complex In Mansfield
SOLD
Texas
See Similar DealsMultiFamily
Sold 01/17/2024
SOLD
Tri-City Equity Group Acquires Fully Occupied Multifamily Complex In Mansfield
1300 East Dallas Street
See Similar DealsMultiFamily
Sold 01/17/2024
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
Greysteel has brokered the sale of Kings Landing, a fully occupied 64-unit apartment complex located at 1300 East Dallas Street in Mansfield, Fort Worth. The multifamily property, built between 1975 and 1985, consists of one- and two-bedroom units with an average size of 765 square feet. Tri-City Equity Group was the buyer in this transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 64
- Date: 01/17/2024
- Market: Mansfield
- Buyer: Tri-City Equity Group
- Seller: 1300 Dallas LLC
- Brokers: Doug Banerjee & Sterling Warren - Greysteel
The buyer, Tri-City Equity Group, plans to implement a value-add program for Kings Landing in order to enhance its appeal and increase its value.
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