Delray-based firm buys 313 apartments in Dallas

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

TRD MIAMI /
Nov.November 06, 2016 03:10 PM

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


Related Articles

arrow_forward_ios
AHS Residential Ernesto Lopes and AHS Residential Tamiami (Credit: AHS)

AHS Residential scores $33M construction loan for Kendall apartment complex

AHS Residential scores $33M construction loan for Kendall apartment complex
AHS Residential’s Ernesto Lopes (Credit: D Ramey Logan/Wikipedia)

AHS Residential scores $34M loan for apartment project near West Palm

AHS Residential scores $34M loan for apartment project near West Palm
The Mid in Lake Worth Beach

Affiliated Development snags $35M loan for Lake Worth apartments

Affiliated Development snags $35M loan for Lake Worth apartments
The Club at Crystal Lake, AHS Residential’s Ernesto Lopes

Deerfield Beach apartment complex sells for $30M

Deerfield Beach apartment complex sells for $30M
South Florida firm buys Sunrise apartment complex for $20.2M

South Florida firm buys Sunrise apartment complex for $20.2M

South Florida firm buys Sunrise apartment complex for $20.2M
Motivated buyer: Grant Cardone borrows $93.5M for 501-unit Sunrise rental complex

Motivated buyer: Grant Cardone borrows $93.5M for 501-unit Sunrise rental complex

Motivated buyer: Grant Cardone borrows $93.5M for 501-unit Sunrise rental complex
Opportunity Zone in Jacksonville is site of bank-financed apartment development

Opportunity Zone in Jacksonville is site of bank-financed apartment development

Opportunity Zone in Jacksonville is site of bank-financed apartment development
New apartment complex in downtown Sarasota sells for $444,444 per unit

New apartment complex in downtown Sarasota sells for $444,444 per unit

New apartment complex in downtown Sarasota sells for $444,444 per unit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...