Viking Capital And GW Capital Acquires 114-Unit Multifamily In Waxahachie For $35.2M

The transaction involved a 114-unit multifamily property located at 168 Verbana Drive in Waxahachie, TX. The property was sold for $35.2 million, equating to approximately $308,772 per unit.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $35.2M
• Units: 114
• Buyer: Vikram Raya - Viking Capital & GW Capital
• Seller: Doug Wiley - Quannah Partners & Ryan Heddleston - VaultCap Partners
• Broker: Northmarq

This acquisition marks the collaboration of Viking Capital and GW Capital as they entered into the multifamily sector. The property was acquired from Quannah Partners, represented by Doug Wiley, and VaultCap Partners, represented by Ryan Heddleston, with the entire transaction facilitated by Northmarq.