Mark Jensen Of Bader Cos. Acquires 228-Unit Multifamily Property In Dallas From GF Properties Group

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.