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3003 Maple Avenue

Updated Nov 12, 2026

Broe Real Estate Group Acquires 345-Unit Maple Terrace Residences In Dallas From Hines
SOLDMultiFamily

Broe Real Estate Group Acquires 345-Unit Maple Terrace Residences In Dallas From Hines

3003 Maple Avenue

Units

345

Asset Type

MultiFamily

Closing

Nov 12, 2026

About this deal

AI

The property involved in this transaction is the 345-unit Maple Terrace Residences located at 3003 Maple Avenue, Dallas, TX. This multifamily asset is a 22-story building that was 93% occupied at the time of sale. The transaction was an all-cash deal and the property sits close to major financial firms’ planned Y’all Street campuses. The sale covered only the residential portion of the asset, which also includes luxury apartments, retail, and office space.

Summary of transaction details:

Broe Real Estate Group's acquisition of this property marks its entry into the North Texas multifamily market. Douglas Wells represented Broe Real Estate Group in the transaction, while Laura Hines-Pierce and Jeffrey C. Hines represented Hines as the sellers.

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Players

Douglas Wells

Broe Real Estate Group

Buyer
Buyer

Jeffrey C. Hines

Hines

Seller

$4.9B

vol

40 deals

Seller
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Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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