Richard Price Of Mesirow Financial Acquires 450-Unit Multifamily Community In Plano From Bob Flannery

The asset involved in this transaction is a multifamily community located at 9600 Coit Road, Plano, Texas, consisting of 450 units spread across 24 acres. The property was built between 2007 and 2009 and offers one- to three-bedroom units along with extensive amenities, reflecting the ongoing multifamily activity in the Dallas-Fort Worth market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $77M
• Buyer: Richard Price - Mesirow Financial
• Seller: Bob Flannery - Banner Real Estate Group
• Lender: Fannie Mae
• Mortgage Broker: Walker & Dunlop

Richard Price of Mesirow Financial led the acquisition of the property from Bob Flannery, representing Banner Real Estate Group. The deal was financed through a Fannie Mae loan, which was arranged by Walker & Dunlop, highlighting their involvement in facilitating the transaction.