The property asset involved in this transaction is a multifamily building located at 7500 Rolling Brook Drive in Frisco. The asset comprises 216 units, contributing to its appeal in the multifamily market. This transaction is significant as it reflects a strategic opportunity following the expiration of the land use restriction in December 2024, with plans for upgrades forthcoming.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Units: 216
• Buyer: Michael Paskin - The Paskin Group
• Seller: Strata Capital
• Brokers: Joey Tumminello, Taylor Hill, Michael Ware & William Hubbard - Institutional Property Advisors

The sale was facilitated by Marcus & Millichap, emphasizing Institutional Property Advisors' focus on high-quality investment opportunities throughout major Texas markets. The transaction involved key individuals such as Michael Paskin representing The Paskin Group and Strata Capital as the seller, highlighting their strategic roles in this multifamily asset sale.