Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NorthMarq Arranges Sale, Financing on Arlington Value-Add
NorthMarq’s Dallas investment sales team arranged the sale of The Vineyards at Arlington Apartments, located at 2007 Springcrest Dr. in Arlington, TX. The 396-unit multifamily property, built in 1985, is spread out over 31 buildings and 16.4 acres.
The team of Taylor Snoddy, James Roberts and Philip Wiegand represented the seller, a partnership of Vineyards at Arlington, LLC and Arlington Realty Owner De, LLC. The buyer was Pegasus Real Estate. Pricing wasn’t disclosed.
“Vineyards at Arlington is a great example of a true Class B value-add opportunity with 100% classic interiors in Central Arlington,” said Snoddy. “The buyer is planning an expansive renovation to the asset to better compete in the submarket. Marketing of this property received tremendous interest with several well-capitalized buyers to choose from.”
NorthMarq’s Dallas debt/equity team of Stephen Whitehead, Lauren Bresky and William Hancock secured acquisition financing, and found the buyer an equity partner.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition

