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Ridgewood Tags Along with Amarillo’s Growing Multifamily Rents
HUD financing to the tune of $21 million was recently obtained for Ridgewood Apartments, a 240-unit apartment complex located in Amarillo. The loan includes a Green Mortgage Insurance Premium reduction because the property is Energy Star-certified. Dwight Capital’s Daniel Malka originated this transaction.
Built in 2015, the property is comprised of 10 apartment buildings. Its amenities include a business center, pool, playground, basketball court, sand volleyball court, party room and fitness center.
The Amarillo apartment market continues to display growth characteristics with rents rising at a 2.1 percent annual rate during the first quarter of 2021 and posted an average annual gain of 1.1 percent in the past three years, according to CoStar.
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Jameson St Apartments
Weatherford, TXTexas + Apartment Buildings
Learn MoreListing 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 
3801 E MORELAND DR
WESLACO, TXTexas + Apartment Buildings
Learn MoreListing 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
