Updated Sep 24, 2026
Mark Jensen Of Bader Cos. Acquires 228-Unit Multifamily Property In Dallas From GF Properties Group
2611 Ross Avenue
Units
228
Asset Type
MultiFamily
Closing
Sep 22, 2026
About this deal
AI
The 228-unit multifamily property, known as The Arts, is located at 2611 Ross Avenue in Dallas, TX. The property, built in 2010, was recorded as 93.9% occupied as of April, indicating a strong rental demand in the area. Bader Cos. acquired this asset from GF Properties Group, utilizing a loan from New York Life Insurance Co. to support the purchase.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $39 million
- Units: 228
- Buyer: Mark Jensen - Bader Cos.
- Seller: GF Properties Group
- Lender: New York Life Insurance Co.
- Occupancy Rate: 93.9%
- Equity Sought: $9.5 million
Mark Jensen represents Bader Cos. in this transaction. This acquisition is part of Bader’s strategy to expand its portfolio in Texas through value-add opportunities, highlighting the company's commitment to enhancing its foothold in the multifamily market.
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MultiFamily
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Ross MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93