Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Apartments  | 

Six-Property Apartment Portfolio Trades in Denton

A Dallas-based entity acquired a six-property multifamily portfolio in Denton, a portfolio deal arranged by Walker & Dunlop’s Kyle Palmer. Palmer also partnered with the firm’s Jeremy Nussbaum to arrange bridge financing through a national debt fund.

Although the purchase price wasn’t disclosed, published reports say the six properties were most recently assessed at nearly $36 million. They include Locust 210 Lofts, Victoria Heights, Victoria Station, Victoria Village, The Adagio and Locust Street Terrace Apartments.

Totaling 325 units and more than 18,000 square feet of commercial space, the portfolio represented an opportunity to invest in the high barrier-to-entry Denton submarket. The acquisitions expand the buyer’s existing Texas portfolio, which includes Madison Park, Wyndham Pointe, and Oasis Springs.

The properties were built between 2009 and 2014 and were 94% leased at the time of sale. The buyer intends to invest $3.2 million toward interior renovations and exterior capital improvements.

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Connect With Walker & Dunlop’s PalmerConnect With Walker &Dunlop’s Nussbaum

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).