Lightbulb Capital Group And Brixton Capital Acquire Multifamily Portfolio For $350M In Grand Prairie, McKinney, Rockwall & Buda

The multifamily property located at 2015 S Forum Dr, 7920 Collin David South, 7830 Van Tuyl Pky, 2300 Discovery Blvd, and 2825 Main Street has been sold in a closed transaction. The property is situated in Grand Prairie, McKinney, Rockwall, and Buda.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $350,000,000
• Units: 1,437
• Price Per Unit: $243,564
• Date: 06/21/2022

The buyer of the property is Lightbulb Capital Group represented by Jay Schuminsky, along with Brixton Capital. On the other hand, SWBC Real Estate, LLC, represented by Stuart Smith, served as the seller in the transaction.

The deal was facilitated by brokers Joey Tumminello, Will Balthrope, Jordan Featherston, Michael Ware, Taylor Hill, Kent Myers, Asher Hall, Grant Raymond, Jeffrey Kindorf, and Drew Kile from Institutional Property Advisors (IPA) at Marcus & Millichap.