The Real Deal Miami

Delray-based firm buys 313 apartments in Dallas

Mindful Capital also got a 10-year acquisition loan through HFF, which marketed the rentals

November 06, 2016 03:10PM

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View of downtown Dallas from the Alta Farmers Market apartments (Source: ApartmentHomeLiving.com)

View of downtown Dallas from the Alta Farmers Market apartments (Source: ApartmentHomeLiving.com)

Delray Beach-based Mindful Capital Group acquired a new 313-unit apartment complex in Dallas for an undisclosed price.

Holliday Fenoglio Fowler, L.P. (HFF) marketed the rental property, called Alta Farmers Market, on behalf of the seller, Wood Partners LLC.

HFF also secured a 10-year, fixed-rate acquisition loan to Mindful Capital from Barings Real Estate Advisers.

Mindful Group’s apartment property in Dallas is located at 110 South Cesar Chavez Drive, near a redeveloped area populated by restaurants, musical entertainment spots and breweries, called the Farmers Market.

Construction of the Alta Farmers Market apartment complex finished this year. The apartments have balconies or patios, as many as three bedrooms and such high-end features as quartz counters and stainless steel appliances.

Common-area features include a 24-hour fitness center, a resident lounge, and a washing station for pets, plus a rooftop deck and bar that overlooks downtown Dallas. [Dallas Business Journal] — Mike Seemuth

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