Jeffrey Goldberg Of Fairstead Acquires 167-Unit Royal Crest Multifamily In Dallas For $24M

The asset involved in the transaction is a 167-unit multifamily property located at 3558 Wilhurt Avenue, in the Dallas market. The property is named Royal Crest, which is an affordable housing complex. The transaction includes plans for a substantial renovation estimated at $24 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 167
• Address: 3558 Wilhurt Avenue
• Market: Dallas
• Buyer: Jeffrey Goldberg
• Buyer Agency: Fairstead
• Lender: Capital One

The financing for the acquisition was provided by Capital One, while Hudson Housing Capital played a role in syndicating tax credit equity for the renovation project. The completion of the renovation is projected for next fall.