Updated Nov 12, 2026
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:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 345
- Buyer: Douglas Wells - Broe Real Estate Group
- Seller: Laura Hines-Pierce & Jeffrey C. Hines - Hines
- Market: Dallas, TX
- Date: 11/12/2026
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.
On the Map
MultiFamily
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Dallas MultiFamily Market Snapshot
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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