Greystar Sells 399-Unit Class A Multifamily Property In Grapevine, Texas For Unspecified Amount

The Preserve is a 399-unit Class A multifamily property located at 101 East Glade Road in Grapevine, TX. Completed in 2020, the property was 96% occupied over the trailing 12 months and includes garden-style apartments, a pool, a fitness center, a business center, and various outdoor amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 101 East Glade Road, Grapevine, TX
• Units: 399
• Seller: Bob Faith - Greystar
• Brokers: Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware & Shelby Vosburg - Institutional Property Advisors

Institutional Property Advisors facilitated the sale, representing Greystar as the seller. The buyer has not been disclosed. The transaction underscores the continued demand for multifamily housing in the Grapevine market.