{"id":1004126261,"date":"2015-08-27T07:52:02","date_gmt":"2015-08-27T15:52:02","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358892"},"modified":"2020-05-18T22:41:39","modified_gmt":"2020-05-19T06:41:39","slug":"canadian-reit-dishes-out-67m-for-upscale-asset-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/canadian-reit-dishes-out-67m-for-upscale-asset-in-dallas\/","title":{"rendered":"Canadian REIT Dishes Out $67M for Upscale Asset in Dallas"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p>Amalfi Stonebriar, a 395-unit multifamily community in Frisco, Texas, has found a new owner with the help of <a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" ><strong>HFF<\/strong><\/a>, which recently arranged $45 million in acquisition financing for the asset.<\/p>\n<div id=\"attachment_358893\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Amalfi-Stonebriar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-358893\" title=\"Amalfi Stonebriar\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Amalfi-Stonebriar.jpg\" alt=\"Amalfi Stonebriar\" width=\"300\" height=\"240\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Amalfi Stonebriar<\/p>\n<\/div>\n<p>Located at 5725 Town and Country Blvd., the community sits across from the future headquarters of Toyota and FedEx. It is also in close proximity to the Sam Rayburn Tollway and the Dallas North Tollway.<\/p>\n<p>Completed last year, the apartment complex features units ranging from 603 to 1,689 square feet. The amenity package includes a swimming pool with sun deck, 24-hour fitness center, grilling areas, a resort-style community courtyard and a business center.<\/p>\n<p>The HFF debt placement team was led by Senior Managing Director John Brownlee and Associate Director Michael Cosby. The two represented the borrower, <a href=\"https:\/\/www.puremultifamily.com\/\" rel=\"nofollow\" ><strong>Pure Multi-Family REIT LP<\/strong><\/a>.<\/p>\n<p>According to <a href=\"https:\/\/www.yardimatrix.com\/\" rel=\"nofollow\" ><strong>Yardi Matrix<\/strong> <\/a>property records, the Amalfi Stonebriar complex was acquired for $67.5 million, or $170,886 per unit.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amalfi Stonebriar, a 395-unit multifamily community in Frisco, Texas, has found a new owner with the help of HFF<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004126261","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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