Updated Nov 20, 2025
Jon D. Bell & Lili F. Dunn Acquire 355-Unit Multifamily Community In Frisco
4220 Tributary Way
Units
355
Asset Type
MultiFamily
Closing
Nov 17, 2025
About this deal
AI
The Albee Apartments is a 355-unit multifamily community positioned at 4220 Tributary Way in Frisco. Constructed in 2025, this property is part of the Southstone Yards master plan, aiming to capitalize on the growth of northern Dallas submarkets.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Address: 4220 Tributary Way
- Market: Frisco
- Units: 355
- Buyer: Jon D. Bell & Lili F. Dunn - Bell Partners
Bell Partners has increased its Dallas-Fort Worth portfolio to 42 communities, totaling approximately 15,200 units, with this acquisition focused on high-growth areas in the region.
On the Map
MultiFamily
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Players
Frisco 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