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January 12, 2021 Comments (0) Views: 304 Texas - Other, Texas News

Nacogdoches Apartments Trade in Value-Add Deal

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The Multifamily Group (TMG), based in Dallas, recently sold Woodland Trails in Nacogdoches. The 72-unit property traded for an undisclosed sum.

TMG managing director Evan Burke worked with the California-based seller and procured the buyer. The sale represented TMG’s 20th and final transaction in 2020.

“This deal required both parties to work diligently and patiently to get across the finish line,” said Burke. “Overall, we are glad we were able to close and look forward to seeing the new buyer implement his value-add strategy.”

Woodland Trails was built in 1985 and provides an opportunity for the new owner to reposition the property by doing both interior and exterior renovations. The property is located one mile from Stephen F Austin Campus.

The sale of Woodland Trails represents the second largest multifamily sale in Nacogdoches in 2020.

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