Joseph Bae And Scott Nuttall Of KKR Acquire 673-Unit Multifamily Portfolio From Donald Quintin

The transaction involved a 673-unit multifamily portfolio located at 555 Promenade Parkway and 1100 Lake Carolyn Parkway in Irving, Texas. The properties include the 286-unit Eastshore on Lake Carolyn and the 387-unit Promenade at Las Colinas, both delivered in 2019 and 2020. These five-story communities feature full amenities and are situated near retail, DFW Airport, and downtown Dallas.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Units: 673
• Buyer: Joseph Bae & Scott Nuttall - KKR
• Seller: Donald Quintin - Lone Star Funds
• Lender: Rialto Capital Management

Joseph Bae and Scott Nuttall, representing KKR, acquired the portfolio from Donald Quintin of Lone Star Funds. The financing for the purchase was secured through a loan from Rialto Capital Management. This acquisition reflects continued investor demand within Irving's multifamily market.