A 424-unit Class A multifamily community located at 9600 Gaylord Parkway in Frisco, Texas, recently completed a sale. The property, built in 2017, features 91% occupancy and is situated in a market that continues to exhibit robust demand for high-quality real estate assets in Dallas-Fort Worth. The sale involved Newmark arranging both the sale and acquisition financing, appealing to investors seeking prime multifamily opportunities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 424
• Address: 9600 Gaylord Parkway
• Market: Frisco
• Seller: Derek Ming-Dar Chen - The Bascom Group
• Broker: Brian Murphy, Brian O’Boyle Jr, Richard Furr & David Schwarz - Newmark

This transaction underscores the active role of Newmark in facilitating the deal, where they represented The Bascom Group as the seller. The firm provided the buyer with multiple financing options, highlighting their involvement and expertise in handling significant property investments.