SevenSeas Holdings LLC Acquires 286-Unit Multifamily Property In McKinney From Seneca Investments Of Addison

A multifamily property located at 7201 Henneman Way in McKinney has been sold. The property consists of 286 units and was sold by Seneca Investments of Addison. The buyer, SevenSeas Holdings LLC, acquired the property. The transaction took place on August 30, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Address: 7201 Henneman Way, McKinney
• Seller: Seneca Investments of Addison
• Buyer: SevenSeas Holdings LLC

The deal was facilitated by CBRE, the broker representing both the buyer and the seller. The lender for the transaction was FS Credit Real Estate of New York, providing a loan of $45,000,000 to SevenSeas Holdings LLC.