The transaction involves the sale of an apartment community located at 2007 Springcrest Dr, Arlington, TX. The property, known as Vineyards at Arlington, comprises 396 units spread across 31 buildings on a 16.4-acre site. Originally built in 1985, it includes various amenities such as a pool, racquetball court, theater, resident clubhouse, playground, picnic area, and a dog park. The seller's representative was a collaboration among Taylor Snoddy, James Roberts, and Philip Wiegand from NorthMarq, representing a partnership between two limited liability companies.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not disclosed
• Address: 2007 Springcrest Dr, Arlington, TX
• Market: Arlington
• Seller's Representative: Taylor Snoddy, James Roberts & Philip Wiegand
• Buyer: Pegasus Real Estate LLC
• Total Units: 396
• Total Buildings: 31
• Size: 16.4 acres

In this transaction, Pegasus Real Estate LLC has expressed intentions to implement a value-add program for the property. Stephen Whitehead, Lauren Bresky, and William Hancock of NorthMarq facilitated the acquisition financing and sourced an equity partner for the buyer.