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13861 Raceway Drive

Updated Sep 3, 2026

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

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

13861 Raceway Drive

Units

456

Asset Type

MultiFamily

Closing

Aug 31, 2026

About this deal

AI

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:

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.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

83 deals

Broker
Bow River Capital
Bow River CapitalBuyer
Western Securities
Western SecuritiesSeller

Northlake MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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