Bow River Capital Acquires 456-Unit Multifamily Property In Northlake From Western Securities

The transaction involved a multifamily property located at 13861 Raceway Drive in Northlake, TX, comprising 456 units. The asset has achieved an average occupancy rate of 95% and is strategically positioned near AllianceTexas and various corporate offices as well as mixed-use developments within the rapidly expanding Dallas-Fort Worth area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 456
• Buyer: Bow River Capital
• Seller: Western Securities
• Brokers: Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware & Shelby Vosburg - Institutional Property Advisors

The sale of Dry Creek Ranch was facilitated by Institutional Property Advisors, representing the seller, Western Securities, while successfully procuring the buyer, Bow River Capital, for the multifamily property transaction.