Madera Residential Acquires 283-Unit Jefferson Cove From TDI In Grand Prairie

The multifamily asset involved in the transaction is Jefferson Cove, consisting of 283 units located at 7165 Lake Ridge Parkway in the Grand Prairie market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Buyer: Madera Residential
• Seller: TDI
• Brokers: Brian Murphy, Brian O’Boyle Jr & Richard Furr - Newmark
• Mortgage Broker: Purvesh Gosalia - Newmark

TDI sold the 283-unit Jefferson Cove to Madera Residential with Newmark representing the seller and arranging acquisition financing for the buyer. This transaction highlights the continued investor demand in the high-growth Mansfield/Grand Prairie corridor.