James Roberts Of Brazos Residential Acquires 248-Unit Multifamily Complex In Sherman | 4919 Timberview Drive | Mark Allen | MultiFamily | Sale

Summary

Sale

TEXAS

MultiFamily

The property involved in the transaction is Hilltop Village, a 248-unit affordable housing complex located at 4919 Timberview Drive in Sherman, Texas. Built in 1969, the property offers one-, two-, and three-bedroom units tailored for households earning 80 percent or less of the area median income. The buyer, James Roberts of Brazos Residential, plans to invest $11 million in renovations for the complex.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: Undisclosed
Units: 248
Market: Sherman

Global Real Estate Advisors (GREA), a nationwide multifamily brokerage, facilitated the sale of Hilltop Village. Mark Allen, representing GREA, led the deal with the seller remaining undisclosed.

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Mark Allen

Global Real Estate Advisors (GREA)-image

Executive Managing Director

Global Real Estate Advisors (GREA)

Details

Deal Summary

SOLD

IMAGE: James Roberts & Mark Allen DATE: 04/02/2024 ADDRESS: 4919 Timberview Drive MARKET: Sherman ASSET TYPE: Multifamily ~ UNITS: 248 BUYER: James Roberts - Brazos Residential (@Brazos_Residential) BROKER: Mark Allen - Global Real Estate Advisors (GREA) (@GREA_CRE) NOTE: GREA, a nationwide multifamily brokerage, brokered the sale of Hilltop Village, a 248-unit affordable housing complex in Sherman, Texas, built in 1969. Brazos Residential plans an $11 million investment in renovations for the property, which offers one-, two-, and three-bedroom units for households earning 80 percent or less of the area median income. Mark Allen led the deal for GREA, with the seller undisclosed.

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Address4919 Timberview Drive

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