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Harbor Group International Acquires Mezzo Multifamily In Aubrey, Texas For $54.5M

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SOLD

Texas

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MultiFamily
Sold 04/28/2023
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Harbor Group International Acquires Mezzo Multifamily In Aubrey, Texas For $54.5M

703 FM 1385

See Similar Deals
MultiFamily
Sold 04/28/2023
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

Harbor Group International has acquired Mezzo, a 378-unit multifamily community in Aubrey, Texas, from a joint venture between ZOM Living and Civitas Capital Group. The transaction, completed on 04/28/2023, included a $54.5 million Fannie Mae loan. Mezzo, a garden-style community completed in 2022, offers one-, two-, and three-bedroom units. It is located at 703 FM 1385 in the market of Aubrey, approximately 40 miles north of downtown Dallas. The property features amenities such as a fitness center, swimming pools, and coworking spaces.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $54.5 million
  • Units: 378

Brian Murphy & Brian O’Boyle from Newmark represented both the buyer, Harbor Group International, and the sellers, ZOM Living and Civitas Capital Group, in this transaction. Henry Stimler, Bill Weber & Matt Mense from Newmark served as the mortgage brokers for the deal.

Players

Brian O’Boyle Jr
18 deals$65M volume
BROKER

Brian Murphy
Newmark
16 deals$65M volume
BROKER

Harbor Group International
BUYER


Details

SOLD
IMAGE: Brian Murphy & Brian O’Boyle DATE: 04/28/2023 ADDRESS: 703 FM 1385 MARKET: Aubrey ASSET TYPE: Multifamily ~ UNITS: 378 BUYER: Harbor Group International SELLER: ZOM Living & Civitas Capital Group BROKERS: Brian Murphy & Brian O’Boyle - Newmark (@Newmark) MORTGAGE BROKERS: Henry Stimler, Bill Weber & Matt Mense - Newmark NOTE: Harbor Group International has acquired Mezzo, a 378-unit multifamily community in Aubrey, Texas, from a joint venture between ZOM Living and Civitas Capital Group. The transaction, which included a $54.5 million Fannie Mae loan, involved the purchase of the garden-style community that was completed in 2022 and features one-, two-, and three-bedroom units, as well as amenities such as a fitness center, swimming pools, and coworking spaces; the property is located approximately 40 miles north of downtown Dallas.

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