
Matthews Completes Dallas MF Deal in “Uncertain Times”
Matthews Real Estate Investment Services completed the sale of Sanctuary 1518, a 20-unit Class A apartment community in Dallas. The firm’s Danny McQuaid represented the seller, Slate Properties, a Dallas-based real estate development firm. The asset traded to a private buyer based out of California for an undisclosed price.
“The high level of interest we were able to generate for this offering reaffirms the strong investor appetite for newly-constructed multifamily assets in Dallas,” notes McQuaid. Even amid the COVID-19 pandemic, “we had interest from buyers ranging from high net worth private individuals to foreign capital and even institutions.”
McQuaid added, “Contingencies were not waived preceding the national lockdown, and we worked actively with all parties to arrange the closing of this transaction. This was truly a team effort and a tremendous accomplishment, especially during these uncertain times.”
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