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RockFarmer Properties Acquires 440-Unit Multifamily Property In Dallas, Texas

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SOLD
John Petras
BG

Texas

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MultiFamily
Sold 06/10/2020
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SOLD

RockFarmer Properties Acquires 440-Unit Multifamily Property In Dallas, Texas

9850 Whitehurst Drive, Dallas, TX 75243

See Similar Deals
MultiFamily
Sold 06/10/2020
John Petras
BG
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The Dallas-Fort Worth multifamily market witnessed its first off-market transactions by RockFarmer Properties with the purchase of 9850 & 9911 Whitehurst Drive. The property, consisting of 440 units, is located in Dallas. The deal was successfully facilitated by NorthMarq, who acted as the broker.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 9850 & 9911 Whitehurst Drive
  • Market: Dallas
  • Units: 440

This acquisition marks RockFarmer Properties' entry into the Dallas-Fort Worth multifamily market. RockFarmer's recently launched "Opportunity Fund V" was utilized for this transaction. It is important to note that RockFarmer Properties intends to expand its portfolio in the Dallas-Fort Worth, Austin, and San Antonio markets by acquiring additional value-add commercial and multifamily assets. Further announcements regarding future acquisitions in Texas are expected shortly.

Players

RP
Rockfarmer Properties
BUYER
John Petras
John Petras
4 deals$11.8M volume
BUYER
BG
Brian Getzler
2 deals
BUYER

Details

SOLD
IMAGE: John Petras, George Michelis & Brian Getzler DATE: 06/10/2021 ADDRESS: 9850 & 9911 Whitehurst Drive MARKET: Dallas ASSET TYPE: Multifamily UNITS: 440 BUYER: RockFarmer Properties (@RockFarmerProperties) - George Michelis, John Petras, & Brian Getzler BROKER: NorthMarq NOTE: These off-market transactions marks RockFarmer Properties’ first foray into the Dallas-Fort Worth multifamily market—and they mark the first purchases made by RockFarmer’s recently launched “Opportunity Fund V.” The company plans additional acquisitions of value-add commercial and multifamily assets across the Dallas-Fort Worth, Austin and San Antonio, Texas markets. RockFarmer is expected to announce additional Texas-based acquisitions in the coming weeks.

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