June 5, 2020
Wellington Realty closed the sale of Sam Maverick Apartments, located at 711 Grand Ct. in Arlington. Deal terms weren’t disclosed. The firm’s David Shaffer, Caleb Jones, Will Miller and William Hubbard arranged the transaction.
“Despite the unexpected market conditions stemming from COVID-19, we facilitated this transaction to the closing table with outstanding terms for our client,” said Jones.
Built in 1982, Sam Maverick Apartments is located on the corner of Park Row and Cooper Street in Arlington, near the University of Texas campus. It was 90% occupied at the time of sale.
“This dense intersection of Arlington is supported by many retailers and employment, making it a great investment, short or long term, for the purchaser,” said Miller. “Also, rent growth and occupancy in Arlington has been strong over the past couple of years, indicating continued growth and demand in the area.”
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