Heritage Capital Group Acquires Multifamily Property In Dallas For $33.2M Loan | 3030 Elizabeth Street | Asher Hall, Will Balthrope, Taylor Hill, Michael Ware, Joey Tumminello, Drew Kile | MultiFamily | Sale

Summary

Sale

TEXAS

MultiFamily

32,260 sqft

The multifamily property located at 3030 Elizabeth St in Dallas has been sold in a transaction facilitated by Institutional Property Advisors (IPA). The property consists of 179 residential units and was sold by The Ergas Group to Heritage Capital Group.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: Not specified
Address: 3030 Elizabeth St
Market: Dallas
Units: 179

The sale of the property was represented by Drew Kile, Joey Tumminello, Will Balthrope, Michael Ware, Taylor Hill, and Asher Hall from Institutional Property Advisors (IPA). The lending for this transaction was provided by Ready Capital, with an acquisition loan amount of $33,200,000.

Players

All
8

Agents
6
Agencies
2

$383.2M Sold

$383.2M Sold

Senior Vice President

$440M Sold

Michael Ware

Senior Vice President

$440M Sold

Joey Tumminello

First Vice President Investments

$383.2M Sold

Drew Kile

Senior Managing Director

$383.2M Sold

Cushman & Wakefield

Institutional Property Advisors

Details

Deal Summary

SOLD

IMAGE: & LOAN IMAGE: Drew Kile, Michael Ware, Taylor Hill, Donald Wiggins, Asher Hall, Joey Tumminello, & Will Balthrope DATE: 08/10/2021 ADDRESS: 3030 Elizabeth St MARKET: Dallas ASSET TYPE: Multifamily UNITS: 179 SELLER: The Ergas Group BUYER: Heritage Capital Group BROKERS: Drew Kile, Joey Tumminello, Will Balthrope, Michael Ware, Taylor Hill, & Asher Hall - Institutional Property Advisors (IPA) LENDER: Ready Capital LOAN AMOUNT: $33,200,000 LOAN TYPE: Acquisition

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Address3030 Elizabeth Street

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