District on Collins, Arlington, TX

June 13, 2019 Comments (0) Views: 91 Dallas-Fort Worth, Texas News

MacDonald Realty Sells 532-Unit Apartment Portfolio

MacDonald Realty Group officially ended its hold on a three-asset, 532-unit multifamily portfolio in Tarrant County, TX, selling the properties to three separate investment groups. Marcus & Millichap’s Al Silva represented the Dallas-based seller in the following sales:

  • The 228-unit Aspen Woods, 2910 S. Collins in Arlington, sold to Peak Capital. The property has been renamed District on Collins.
  • The 168-unit Rochester, 2604 Furrs St. in Arlington, sold to Madera Residential.
  • The 136-unit Cobble Hill, 6050 Oakland Hills Dr. in Fort Worth, sold to Obsidian Capital.

All three apartments traded hands as value-add plays, attracted multiple offers from buyers nationwide, and closed within 30 days of one another. They will all undergo multimillion-dollar renovations to common areas, building exteriors and unit interiors.

Pictured: Aspen Woods, now District on Collins, Arlington, TX

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