Capital Boutiq Acquires Dallas Community
Marcus & Millichap worked on behalf of the seller and procured the buyer.
Oro Capital has sold Hampton Greens, a 309-unit multifamily community in Dallas. The buyer was Capital Boutiq and its partner, Trinity Investors. Marcus & Millichap worked on behalf of the seller and procured the new owners. The buyers are rebranding the property as Iron Landings.
The acquisition was financed by Lument and the property last traded in 2016, when the current seller bought it from JRK Property Holdings, according to Yardi Matrix data.
Built in 1985 on a 9-acre lot, Iron Landings is located at 10911 Woodmeadow Parkway and comprises 16 buildings. The community encompasses one- and two-bedroom units between 523 and 1,079 square feet. Common-area amenities include a fitness center, a playground area, three swimming pools, two laundry facilities and 620 parking spots.
The multifamily asset is situated 3.5 miles from Town East Mall, 13 miles from downtown Dallas and within 21 miles of Dallas Love Field Airport. Iron Landings is also close to Interstate 635, the Dallas Athletic Club and major employers in the area, such as PepsiCo, UPS and Bulk Solutions.
Marcus & Millichap First Vice President of Investments David Fersing, as well as Senior Managing Directors of Investments Nick Fluellen and Bard Hoover, worked on behalf of the seller and procured the buyer.
Earlier this month, Marcus & Millichap brokered another sale in Dallas, the acquisition of two multifamily communities by Touro Co.