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Texas  + Dallas-Fort Worth  + Apartments  | 
ShainRealty Picks Up 256-unit Mesquite rental community

ShainRealty Picks Up 256-Unit Mesquite Apartment Complex

ShainRealty Capital has acquired the 256-unit Landmark at Courtyard Villas in Mesquite. ShainRealty plans to rename the property to “Infinity at Sunnyvale” and start on a $3 million upgrade and renovation program. This is the company’s fifth acquisition in Dallas in the last two years, currently amassing a 1500-unit portfolio.

The Dallas Business Journal reports Wes Racht of Marcus & Millichap, brokered the sale transaction. An existing loan was assumed by the purchaser in the deal. Dwight Capital originated the $25 million HUD Loan, which currently carries a 2.83% interest rate until maturity, due May 15th, 2053. The previous owner was Tim Carey. 


Inside The Story

Jonathan Shainberg

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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    San Antonio, TXTexas + Garden Style
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:154
    Average Occupancy:97
    Year Built:1965
    Building Size:102811 Sq ft
    Lot Size:4.88 Acres
    No. of Stories:2
    Opportunity Zone:No
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  • The Pointe Apartments

    Lubbock, TXTexas + Apartments
    Listing Status:Available
    No. of Units:90
    Year Built:1973
    Building Size:76167 Sq ft
    No. of Stories:3
    Opportunity Zone:Yes
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  • ◦Sale/Acquisition
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