Updated Jul 23, 2026
SOLDMultiFamily
Oakdale Capital And Byers Residential Acquire 356-Unit Multifamily Community In Dallas From S2 Residential
11201 East Lake Highlands Drive
Building Size
269,676 SF
Asset Type
MultiFamily
Closing
Jul 16, 2026
About this deal
AI
The property involved in the transaction is a 356-unit garden style multifamily community located at 11201 East Lake Highlands Drive in Dallas. The asset boasts a total square footage of 269,676 and was originally built in 1979, with partial renovations completed in 2021. The seller of the property is S2 Residential.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Address: 11201 East Lake Highlands Drive
- Market: Dallas
- Units: 356
- Square Footage: 269,676
- Buyer: Will Thompson, Chris Apostal, Shea Byers, Tommy Wells
- Seller: S2 Residential
- Broker(s): Eric Stockley, Taylor Snoddy & Charles Hubbard - NorthMarq
- Management Company: J Street Property Services
- Buyer Firms: Oakdale Capital and Byers Residential
- Location of Oakdale Capital: Chicago
- Location of Byers Residential: Dallas
- Key Individuals: Will Thompson and Chris Apostal (Oakdale Capital), Shea Byers and Tommy Wells (Byers Residential)
Dallas-based NorthMarq facilitated the transaction, with Taylor Snoddy and Eric Stockley representing the buyer and arranging the debt financing through Kevin Leamy. The acquisition reflects the ongoing growth of Oakdale Capital and Byers Residential in the Texas multifamily market.
On the Map
MultiFamily
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Players
SR
S2 ResidentialSeller
Dallas MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93