Benefit Street Partners Sells 236-Unit Birchwood Apartments In Lubbock With Brokers Yonnic Land & Jon Krebbs

The transaction involved the sale of Birchwood Apartments, a multifamily property located at 6402 Albany Avenue in Lubbock, Texas. This 236-unit garden-style community was built in 1977 and features one- to three-bedroom units, with an average size of 713 square feet. The property is strategically situated along Loop 289 near South Plains Mall and completed the sale in 60 days, with non-refundable earnest money delivered on day one.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 6402 Albany Avenue
• Market: Lubbock
• Units: 236
• Seller: Benefit Street Partners
• Brokers: Yonnic Land & Jon Krebbs - The Multifamily Group

This transaction marked the first Texas acquisition for an out-of-state investor. The deal was facilitated by The Multifamily Group, with Yonnic Land and Jon Krebbs acting as the brokers representing the seller, Benefit Street Partners, in the transaction.