Exclusive: Mesirow Financial Buys 450 Units in Metro Dallas
Walker & Dunlop originated a $77 million acquisition loan.
Mesirow Financial has acquired Riachi at One21, a 450-unit multifamily property in Plano, Texas, according to Yardi Matrix information. Banner Real Estate Group sold the Dallas-area asset.
The buyer took out a $77 million Fannie Mae loan originated by Walker & Dunlop, the same data provider shows. The property previously traded in September 2011, when Banner acquired it from UDR.
Completed in two phases, in 2007 and 2009, the community occupies 24 acres at 9600 Coit Road. Riachi at One21 is just south of Signature Plaza, as well as within 28 miles from DFW International Airport and downtown Dallas.
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The property encompasses 29 one- and two-story residential buildings. The unit mix comprises one-, two- and three-bedroom floorplans ranging between 663 and 2,104 square feet. All apartments have private balconies or patios.
Amenities include a fitness center, a clubhouse, a business center, a bar, grilling stations and two swimming pools. The community also has more than 700 parking spaces.
DFW multifamily sales remain steady
Dallas-Fort Worth’s multifamily sales amounted to $3.55 billion year-to-date through November, as 201 assets totaling 49,876 units changed hands, Yardi Matrix data shows. These figures are almost on par with last year’s numbers, when 185 properties totaling 42,682 apartments traded for $3.63 billion. The metro also ranked fourth in the U.S. for multifamily transaction volume in the first half of 2025.
In one of the market’s more recent transactions, Bell Partners bought The Albee Apartments, a 355-unit community in Frisco, Texas, on behalf of its Bell Value Add Fund VIII. Quarterra Multifamily and Crow Holdings sold the asset that came online earlier this year.
