Janet Lepage Of Western Wealth Capital Acquires 97-Unit Park Place Townhomes In Euless
425 East Harwood Road
Building Size
—
Asset Type
MultiFamily
Closing
Sep 26, 2025
AI
The property asset involved in the transaction is the Park Place Townhomes, a 97-unit multifamily community located at 425 East Harwood Road in Euless, Texas. The deal took place near the DFW Airport, although the transaction amount is not specified.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Units: 97
- Address: 425 East Harwood Road
- Market: Euless
- Buyer: Janet Lepage - Western Wealth Capital
- Broker: Brian Murphy - Newmark
Janet Lepage, representing Canadian firm Western Wealth Capital, participated in the acquisition alongside StepStone Group. Brian Murphy of Newmark acted as the broker for the transaction. Additionally, the loan assumption was managed by Katie Runyan from Walker & Dunlop.
Players
Euless MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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