TruAmerica Multifamily Acquires 216-Unit Ravello Stonebriar In Frisco With CBRE As Seller's Broker

The transaction involved a 216-unit Class A apartment community located at 5225 Town And Country Boulevard in Frisco, Texas. This multifamily asset was built in 2018 and is positioned within the Dallas–Fort Worth metro area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 216
• Address: 5225 Town And Country Boulevard
• Market: Frisco
• Buyer: Bob Hart - TruAmerica Multifamily
• Seller's Brokers: Daniel Baker, Kevin O’Boyle & Chandler Sims - CBRE

TruAmerica Multifamily's acquisition of Ravello Stonebriar indicates a strategic expansion in the region. CBRE's team, comprising Daniel Baker, Kevin O’Boyle, and Chandler Sims, represented the seller during this transaction, while TruAmerica is planning operational enhancements to improve performance at the property.