RockFarmer Properties Acquires 247-Unit Multifamily In Dallas For Opportunity Fund V
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This MultiFamily property located in TX was sold over 2 years ago. The brokers of the deal were Will Hancock and Taylor Snoddy
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- Location9857 Audelia Road, Dallas, TX 75238, USA
- Area196,186 SF
- Asset TypeMultiFamily
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: John Petras, George Michelis & Brian Getzler
DATE: 10/29/2021
ADDRESS: 9857 Audelia Road
MARKET: Dallas
ASSET TYPE: Multifamily ~ UNITS: 247 ~ SF: 196,186
BUYER: RockFarmer Properties - George Michelis, John Petras, & Brian Getzler
BROKERS: Taylor Snoddy & Will Hancock - NorthMarq
NOTES: This transaction marks RockFarmer Properties’ third venture into the Dallas multifamily market – and marks the fifth acquisition made by RockFarmer’s recently launched “Opportunity Fund V.” Previously, in June 2021, the company purchased two adjacent gated garden-style multifamily rental communities in Dallas—98Fifty and Apex—boasting 196 and 244 units, respectively.
RockFarmer Properties plans additional acquisitions of value-add commercial and multi-family assets across the Dallas-Fort Worth, Austin and San Antonio, Texas, markets moving forward. In the last 6 months, RockFarmer has acquired or sold more than $250 million in assets nationwide.
“Dallas remains one of the healthiest metros in the U.S., attracting an affluent tenant base drawn by the City’s employment opportunities and endless entertainment and cultural offerings. The Lake Highlands submarket has directly benefited from this significant demand as residents continue to seek out well-managed multifamily communities offering convenience, great finishes and a comprehensive amenities package,” said Brian Getzler, Executive Vice President and Head of Acquisitions at RockFarmer Properties.
“We are thrilled to have acquired yet another significant, high-quality multifamily community in the Dallas-Fort Worth area,” said George Michelis, Principal of RockFarmer Properties. “RockFarmer Properties remains bullish on value-add multifamily developments located in major Texas metropolitan communities.”
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9857 Audelia Road
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