37th Parallel Properties Acquires 222-Unit Woodbridge Villas In Sachse Texas Financed By Freddie Mac

The asset involved in the transaction is a multifamily property known as Woodbridge Villas, located at 7920 Country Club Drive in Sachse, Texas. The property consists of 222 units spread across 10.5 acres, contributing to the expansion of the buyer's portfolio in the Dallas-Fort Worth market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 222
• Acres: 10.5
• Buyer: Dan Chamberlain, Chad Doty & Darci Poole - 37th Parallel Properties
• Lender: Freddie Mac
• Mortgage Brokers: Cutt Ableson & Patrick Hickey - Berkadia

This transaction was executed through an off-market deal, and the acquisition financing was structured with low-leverage debt provided by Freddie Mac. This marks the concluding investment for 37th Parallel Properties' second fund, which emphasizes value-add and core-plus multifamily assets in high-growth Sun Belt markets.