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ShainRealty Capital Acquires Multifamily Property In Dallas From Alpha Barnes Real Estate

8997 Vantage Point Drive
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This MultiFamily property located in TX was sold about 2 years ago. The broker of the deal was Chris Deuillet

The recently closed sale of 8997 Vantage Point Drive in Dallas offers a compelling opportunity for ShainRealty Capital, led by Jonathan Shainberg and Elliot Shainberg, to acquire a sizable multifamily asset with significant rental upside. This multifamily property consists of 249 units, with an average size of approximately 767 square feet. The property's in-place average rents are currently 30% below market value, presenting a potential for increased rental income.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Units: 249
  • Square Footage: 190,956
  • Address: 8997 Vantage Point Drive, Dallas

In this deal, ShainRealty Capital was represented by Chris Deuillet from CBRE. The seller of the property was Alpha Barnes Real Estate. The acquisition of this multifamily asset aligns with ShainRealty Capital's strategy to invest in properties with potential for future value enhancement.

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Deals
  • Location
    8997 Vantage Point Drive, Dallas, Texas 75243, United States8997 Vantage Point Drive, Dallas, Texas 75243, United States
  • Area
    190,956 SF190,956 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Chris Deuillet

Chris Deuillet

Deals16
Financed$16.7M

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Jonathan Shainberg & Elliot Shainberg DATE: 03/14/2022 ADDRESS: 8997 Vantage Point Drive MARKET: Dallas ASSET TYPE: Multifamily ~ UNITS: 249 ~ SF: 190,956 BUYER: ShainRealty Capital (@ShainRealty) - Jonathan Shainberg (@J.Shain) & Elliot Shainberg SELLER: Alpha Barnes Real Estate BROKER: Chris Deuillet - CBRE NOTE FROM BUYER: The acquisition presents an excellent opportunity for ShainRealty to acquire a sizeable multifamily asset with significant rental upside. The property consists of 249 units, approximately 767 SF in average size, with in-place average rents 30% below market.

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8997 Vantage Point Drive

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