Stoneweg US Acquires 324-Unit Prose Frontier Multifamily In Prosper, Dallas

Stoneweg US has recently acquired the Prose Frontier apartment community, a 324-unit multifamily property located at 4400 Prairie Crossing in Prosper, north Dallas. The purchase price for this workforce housing property remains undisclosed. Developed in 2021, the property spans across 15 acres and offers a valuable asset in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Number of Units: 324
• Acres: 15
• Market: Prosper

Stoneweg US specializes in workforce housing and has a portfolio valued at $2.1 billion across the country. The company plans to upgrade the Prose Frontier apartment community with environmental features, further enhancing its value in the market. The sellers involved in this transaction are Carlyle, represented by Ashley Fitzgerald, and Alliance Residential, represented by Bruce Ward.