Northmarq arranges sale and financing of 144-unit Grand Seasons apartment community
DALLAS, TEXAS (March 29, 2023) — Northmarq’s Dallas investment sales team of Taylor Snoddy, Charles Hubbard, and Eric Stockley collaborated to arrange the sale of Grand Seasons apartments. The 144-unit multifamily property (built in 1978) is located at 6069 Belt Line Road in Dallas, Texas.
“This was a unique opportunity to buy a property in a high-profile location in North Dallas. It’s very rare to find an asset like this that has yet to receive a comprehensive renovation,” said Snoddy. “The new ownership plans to upgrade the unit interiors, as well as exteriors and amenities, to provide current and future residents with more modern living.”.
Residents at Grand Seasons enjoy a cozy, garden-style community still connected to all that Dallas offers, including the best of Dallas’ shopping, dining, nature parks, and entertainment. The three-story apartment community is situated on approximately six acres in the family-friendly neighborhood of Prestonwood, boasting top-rated schools, parks with walking trails and playgrounds, and manicured lawns. The pet-friendly apartments offer one- and two-bedroom homes with sophisticated finishes and in-home conveniences, including upgraded kitchens and large walk-in closets.
Apartment amenities include: Black appliances, vinyl plank floors, washer and dryer hook-up, ceiling fans, private balcony or patio, and a creek and pool view. Community amenities include: 24-hour fitness center, clothes care center, 24-hour emergency maintenance, resort-style pool, grill and picnic area, additional storage, covered and reserved parking, and a dog park.
For more information on the Dallas-Fort Worth market, view our Dallas-Fort Worth Q4 Multifamily Market Report.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
