ShainRealty Capital Acquires Multifamily Property On Post Oak Blvd In Euless, Dallas

The multifamily property located at 3720 Post Oak Blvd in Euless, Dallas has been sold in a recent transaction. The property consists of 267 units and spans across 205,672 square feet.

Summary of transaction details

• Property Type: Multifamily
• Units: 267
• Square Footage: 205,672

The buyer of the property is ShainRealty Capital, represented by Jonathan Shainberg and Elliot Shainberg. The seller in this transaction is 180 Multifamily Management. The brokers involved in the deal are Bard Hoover and Wes Racht from Marcus & Millichap.

It is worth noting that this is ShainRealty Capital's third acquisition in Dallas within a year. Prior to this transaction, they acquired Infinity on the Mark and Infinity on the Point. The purchase price for the property was not disclosed due to Texas being a non-disclosure state.

Following the acquisition, the property will undergo $3,000,000 worth of renovations and upgrades. It will also be rebranded from The Landing to "Infinity on the Landing".

Jonathan Shainberg from ShainRealty Capital expressed confidence in the rental growth potential in the DFW area, despite the rising interest rate environment. The property's proximity to DFW airport, one of the largest airports in the world, with its significant employment opportunities in the surrounding neighborhoods, further adds to its appeal. ShainRealty Capital plans to implement an immediate and substantial capital expenditure strategy to enhance the property even further.