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Texas  + Apartments  | 

Nacogdoches Apartments Trade in Value-Add Deal

The Multifamily Group (TMG), based in Dallas, recently sold Woodland Trails in Nacogdoches. The 72-unit property traded for an undisclosed sum.

TMG managing director Evan Burke worked with the California-based seller and procured the buyer. The sale represented TMG’s 20th and final transaction in 2020.

“This deal required both parties to work diligently and patiently to get across the finish line,” said Burke. “Overall, we are glad we were able to close and look forward to seeing the new buyer implement his value-add strategy.”

Woodland Trails was built in 1985 and provides an opportunity for the new owner to reposition the property by doing both interior and exterior renovations. The property is located one mile from Stephen F Austin Campus.

The sale of Woodland Trails represents the second largest multifamily sale in Nacogdoches in 2020.

For comments, questions or concerns, please contact Paul Bubny

Connect

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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 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).

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    WESLACO, TXTexas + Apartment Buildings
    Listing Status:Available
    Listing Type:Call for offers
    Price:$7,500,000
    No. of Units:78
    Year Built:2005
    Lot Size:77325 Acres
    Opportunity Zone:No
    Price per unit:$96,153
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    Weatherford, TXTexas + Apartment Buildings
    Listing Status:Available
    Listing Type:Highest & best offer
    Price:$5,160,000
    No. of Units:60
    Average Occupancy:98
    Year Built:1973
    Building Size:44700 Sq ft
    Lot Size:4.05 Acres
    No. of Stories:2
    APN:R000047582
    No. of Parking Spots:100
    Opportunity Zone:No
    Price per unit:$86,000
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