Greybrook Picks Up 334-Unit Mansfield Rental Community

The Greybrook U.S. Multifamily Income & Growth Fund acquired Evolv, a 334-unit multifamily property in Mansfield. Greybrook landed a $39.2 million acquisition loan from Greystone as part of the deal. The fixed-rate Fannie Mae loan carries a five-year term, with three years of interest-only payments followed by a 35-year amortization schedule.

Greystone’s financing team included Richard Kourbage, Garvin Lee, and Gillian McIlroy. Cushman & Wakefield’s Investment Sales team, Grant Raymond and Asher Hall, represented the seller, Advenir Living, in the transaction. Cushman & Wakefield’s debt professionals included Chase Johnson and Caleb Riebe.


Built in 2012, Evolv is a garden-style multifamily community situated on approximately 18.6 acres at 370 North State Highway 360 in Mansfield. The property features private patios or balconies. Community amenities include a resort-style swimming pool, 24-hour fitness center, clubhouse, outdoor kitchen, playground, dog park and garage parking.


Mansfield is located southwest of Dallas and southeast of Fort Worth.