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Texas  + Apartments  | 

Buchanan Street Makes First Texas Deal in Years

Buchanan Street Partners, based in Newport Beach, CA, acquired Waters Edge at Mansfield, a 351-unit multifamily community at 3651 Prairie Waters Dr. in Grand Prairie. In its first Texas deal in several years, Buchanan Street acquired the property for an undisclosed sum from Trinsic Residential Group.

Trinsic was represented by Drew Kile and Joey Tumminello of Institutional Property Advisors. Buchanan Street was self-represented in the transaction.

Formerly known as Aura 3Fifty-One, Waters Edge at Mansfield consists of 12 buildings situated on 13 acres. The property was built in 2019 and was 93% occupied at the time of sale.

Buchanan Street will implement modest operational changes to Waters Edge and position it as a stabilized core asset. The company plans to expand its footprint in the Dallas/Fort Worth region over the coming years, given the strong submarket fundamentals and overall economic growth of the region.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Buchanan StreetConnect With IPA's KileConnect With IPA's Tumminello

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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