Updated Mar 7, 2026
IMT Capital Sells 438-Unit Multifamily Property In Dallas With Institutional Property Advisors As Brokers
15480 Dallas Parkway
Units
438
Asset Type
MultiFamily
Closing
Feb 13, 2026
About this deal
AI
The transaction involves a multifamily property located at 15480 Dallas Parkway, Dallas, comprising 438 units. The asset achieved an average occupancy rate of 96% and has shown consistent rent growth.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not Disclosed
- Units: 438
- Seller: IMT Capital
- Market: Dallas
The sale was facilitated by Institutional Property Advisors, with brokers Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill, Shelby Vosburg, and Jack Windham representing the seller in the transaction.
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MultiFamily
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Dallas MultiFamily Market Snapshot
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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