Weidner Apartment Homes Acquires 245-Unit Multifamily Community In McKinney From Equus Capital Partners

The transaction involved the sale of a multifamily community featuring 245 units, located at 201 McKinney Village Parkway in McKinney, Texas. The property was built in 2017 and is currently 94% occupied, offering efficiencies, one- and two-bedroom apartments, and townhomes. Its desirable location is near Medical City McKinney, Collin College, and major North Texas employment hubs.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 201 McKinney Village Parkway
• Market: McKinney
• Units: 245
• Buyer: Dean Weidner - Weidner Apartment Homes
• Seller: Stephen M. Spaeder - Equus Capital Partners
• Broker Representatives: Brian O’Boyle Jr, Richard Furr, Jack Forman & Brian Murphy - Newmark
• Mortgage Brokers: Mitch Clarfield & Alec Newman - Newmark

The deal was arranged by Newmark, which facilitated both the sale and financing of the property. The financing was secured through Fannie Mae, reflecting the strategic partnership of the parties involved in this transaction.