Centennial Holding Co. Acquires 354-Unit Multifamily Community From Beachwold Residential In Cedar Hill

The property involved in this transaction is a multifamily community located at 365 Uptown Boulevard in Cedar Hill, Texas. This asset features a total of 354 units within the Cedar Hill market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not specified
• Units: 354
• Buyer: Centennial Holding Co.
• Seller: Beachwold Residential
• Brokers: Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill, Cameron Purse - Institutional Property Advisors
• Mortgage Brokers: Brian Eisendrath, Cameron Chalfant, Harry Krieger - Institutional Property Advisors

Institutional Property Advisors (IPA) facilitated the transaction, representing both Centennial Holding Co. and Beachwold Residential. IPA Capital Markets arranged sub-5% interest-only agency financing with an early rate lock specifically for this acquisition.