facebook
Traded Co logo
Submit
Daily limit: 0/10

MIG Real Estate Acquires Elan City Centre Multifamily In Farmers Branch

Property Image
SOLD

Texas

See Similar Deals
MultiFamily
Sold 04/04/2024
the dealplayerscompscontact
Property Image
SOLD

MIG Real Estate Acquires Elan City Centre Multifamily In Farmers Branch

13301 Galleria Place

See Similar Deals
MultiFamily
Sold 04/04/2024
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

Elan City Centre, a 330-unit multifamily building located at 13301 Galleria Place in Farmers Branch, just north of Dallas, has been acquired by MIG Real Estate from HLC Equity Partners. The property emphasizes its appeal to young professionals due to its proximity to office buildings in the Platinum Corridor and LBJ Freeway.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Buyer: Greg Merage - MIG Real Estate
  • Seller: Daniel N. Farber - HLC Equity Partners
  • Broker: Ryan Reid - CBRE
  • Market: Farmers Branch

MIG Real Estate, headquartered in Newport Beach, California, has expanded its portfolio with the purchase of Elan City Centre, marking its first investment in Dallas. This acquisition adds to MIG's growing list of properties in Texas, underlining its focus on properties that cater to the needs of young professionals.

Players

Ryan Reid
CBRE
Ryan Reid
2 deals
BROKER

Details

SOLD
IMAGE: Greg Merage, Daniel N. Farber & Ryan Reid DATE: 04/04/2024 ADDRESS: 13301 Galleria Place MARKET: Farmers Branch ASSET TYPE: Multifamily ~ UNITS: 330 BUYER: Greg Merage - MIG Real Estate SELLER: Daniel N. Farber (@DanielNFarber) - HLC Equity Partners BROKER: Ryan Reid - CBRE (@CBRE) NOTE: MIG Real Estate, based in Newport Beach, California, has expanded its portfolio by purchasing Elan City Centre, a 330-unit multifamily building in Farmers Branch, just north of Dallas. This acquisition marks MIG's first venture in Dallas and adds to its growing list of properties in Texas, emphasizing the appeal to young professionals due to its proximity to office buildings in the Platinum Corridor and LBJ Freeway.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00