Tides Equities Acquires 88,336 SF Multifamily Property From Pennybacker For $17,729,212

The property asset involved in this transaction is a multi-family residential building located at 9450 Royal Lane in the Dallas market. The total square footage of the property is 88,336. The transaction was completed for a price of $17,729,212.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $17,729,212.00
• Address: 9450 Royal Lane
• Market: Dallas
• Asset Size: 88,336 SF
• Buyer: Tides Equities
• Seller: Pennybacker
• Brokers: Raphael David Jajati - Capital Property Partners, Daniel Rahmani - Capital Property Partners

This transaction involved key representatives from Capital Property Partners, with Raphael David Jajati and Daniel Rahmani acting on behalf of the seller, Pennybacker, in this deal with the buyer, Tides Equities. Their involvement was crucial in facilitating the completed sale.