Northmarq’s Dallas office announces sale of Wyndham on the Creek Apartments in Dallas, Texas
DALLAS, TEXAS (April 24, 2023) — Northmarq’s Dallas investment sales team of Taylor Snoddy, Eric Stockley, Charles Hubbard and Philip Wiegand collaborated to arrange the sale of Wyndham on the Creek. The 150-unit multifamily property, built in 1984, is located at 9633 W Ferris Branch Boulevard in Dallas, Texas.
“This was an intricate off-market transaction involving a long term, international owner that presented an excellent opportunity for the new buyer to implement a comprehensive value-add strategy. Wyndham represents the 14th transaction that our team has executed in this submarket over the past 12 months,” said Stockley.
Wyndham on the Creek offers one- and two-bedroom apartment homes ranging from 603 to 1,100 sq. ft. Each unit boasts walk-in closets, patios and balconies, and fully equipped kitchens. Residents enjoy a quiet neighborhood and easy access to Dallas’ major highways. Situated in the Lake Highlands neighborhood, Wyndham on the Creek is just 20 minutes northeast of Downtown Dallas and less than a 10-minute drive from three shopping centers and four parks.
Apartment amenities include: Washer and dryer hookup, walk-in closets, hardwood floors, granite countertops, vaulted ceilings, patio/balcony, and 9 foot ceilings. Community amenities include: Controlled gate access, pool, clubhouse, on-site property manager, business center, and 24-hour availability.
For more information on the Dallas-Fort Worth market, view our Dallas-Fort Worth Q4 Multifamily Market Report.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.