UDR Acquires Multifamily Properties In Richardson, Frisco, Austin & Mansfield, Texas For $401.9M

The multifamily property located at 2525 Empire Drive, 6235 Main Street, 1200 Estancia Parkway, 1701 East Debbie Lane, and 7880 US-290 has been sold. The transaction took place in Richardson, Frisco, Austin, and Mansfield. The property consists of 1,753 units and was sold for a total price of $401,900,000, which translates to an average price per unit of $229,264.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $401,900,000
• Units: 1,753
• Price per Unit: $229,264
• Location: 2525 Empire Drive, 6235 Main Street, 1200 Estancia Parkway, 1701 East Debbie Lane, and 7880 US-290
• Market: Richardson, Frisco, Austin, and Mansfield

The buyers of the property are UDR represented by Tom Toomey, Mike Lacy, and Joe Fisher. UDR is a company based in Highlands Ranch, Colorado. This acquisition of six properties in Richardson, Frisco, Austin, and Mansfield, Texas is part of UDR's strategic moves in the apartment market. The purchase price of $401.9 million showcases UDR's commitment to expanding their portfolio in these key locations.