Tuesday, June 6, 2023 Jun 6, 2023
88° F Dallas, TX
Commercial Real Estate

East Dallas Apartment Community Trades Hands

JLL secures the sale of Bristol Square to Dallas-based WindMass Capital.
By Jeremiah Jensen |
Courtesy of JLL

A 341-unit, 12-building apartment community just traded hands in East Dallas.

Dallas-based WindMass Capital bought the Bristol Square apartments at 1720 John West Road from McGuire Family Properties, another Dallas-based company.

JLL’s Capital Markets team of Zar Haro, Moses Siller, Jorg Mast, and David Fersing represented McGuire in the sale.

WindMass Capital has two other multifamily properties in the metro, including a 65-unit community in Oak Cliff and a 132-unit property near White Rock Lake.

“The region’s strong economic fundamentals are increasing investor interests for multifamily product with potential upside through implementing a value add strategy,” said Haro. “Strategic investments to Bristol Square are sure to deliver great long-term returns for the new owner given the market’s continued projected growth.”

Related Articles

CRE Opinion

DFW Multifamily Market Hits Record-Breaking Benchmarks

Newmark exec Brian O'Boyle Sr. says "trading prices have reached impressive levels, and cap rates remain low, some in the 3.5 to 3.75 percent."
CRE Opinion

Evaluating Real Estate Capital Stacks in a Rapidly Changing Environment

Wesmount Realty Capital's Cliff Booth says lower cap rates and rising interest rates of today’s market are increasing the future cost of debt financing.
By Cliff Booth
CRE Opinion

Why Relationships Remain the Main Driver of Multifamily Real Estate

Cushman & Wakefield exec Jeremy Edmiston says, "In business, deals are the currency but relationships are the gold standard."
By Jeremy Edmiston