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Texas  + Finance  | 

NorthMarq Arranges Sale, Financing on NE Dallas Apartments

NorthMarq arranged the sale and financing of Vineyards at the Ranch I & II and Beacon Hill for WindMass Capital Partners. The two properties, which traded to WindMass for an undisclosed sum, represent a combined 1,656-unit community spread across 38.62 acres in the Northeast Dallas submarket.

A NorthMarq team of Taylor Snoddy, Philip Wiegand and James Roberts represented both buyer and seller on the Vineyards at the Ranch I & II transaction, and also brokered the Beacon Hill transaction. DP Partners LTD PS was the seller of Beacon Hill Apartments and Stone Ranch Owner/Stone Ranch Owners Two, LLC was the seller of Vineyards at the Ranch.

“The portfolio has tremendous upside in what is already a high rent growth submarket with competitive advantage due to the size of the deal,” said Wiegand.

NorthMarq’s Dallas debt/equity team of Stephen Whitehead, William Hancock and Lauren Bresky secured acquisition financing.

Pictured: Vineyards at the Ranch.

For comments, questions or concerns, please contact Paul Bubny

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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).

  • ◦Financing
  • ◦Sale/Acquisition
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