facebook
Traded Co logo
Submit
Daily limit: 0/10

Institutional Property Advisors Sells 186-Unit Multifamily Property The Biltmore In Arlington Texas

Property Image
SOLD
Will Balthrope
Michael Ware

Texas

See Similar Deals
MultiFamily
Sold 10/16/2024
the dealplayerscompscontact
Property Image
SOLD

Institutional Property Advisors Sells 186-Unit Multifamily Property The Biltmore In Arlington Texas

2300 Misty Ridge Circle

See Similar Deals
MultiFamily
Sold 10/16/2024
Will Balthrope
Michael Ware
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The Biltmore is a 186-unit multifamily property situated at 2300 Misty Ridge Circle in Arlington, Texas. This asset has undergone significant capital improvements and is strategically located near the Texas Rangers Golf Club and the Arlington Entertainment District. As for the potential for further enhancements, it should be noted that fewer than 40% of the units have been renovated.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Address: 2300 Misty Ridge Circle
  • Market: Arlington
  • Units: 186

The transaction involved Michael Ware and Will Balthrope representing Institutional Property Advisors, the organization that announced the sale of the property. Their expertise in the industrial market played a crucial role in facilitating this transaction.

Players

Michael Ware
Institutional Property Advisors
Michael Ware
62 deals$440M volume
BROKER
Will Balthrope
Institutional Property Advisors
Will Balthrope
89 deals$503.3M volume
BROKER

Details

SOLD
IMAGE: Michael Ware & Will Balthrope DATE: 10/16/2024 ADDRESS: 2300 Misty Ridge Circle MARKET: Arlington ASSET TYPE: Multifamily ~ UNITS: 186 BROKERS: Michael Ware & Will Balthrope - Institutional Property Advisors NOTE: Institutional Property Advisors (IPA) announced the sale of The Biltmore, a 186-unit multifamily property in Arlington, Texas, which has undergone significant capital improvements. The property, strategically located near the Texas Rangers Golf Club and the Arlington Entertainment District, offers potential for further upgrades as fewer than 40% of the units have been renovated.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00