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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).