Metropolitan Capital Advisors Names Exclusive Advisor for Dallas Community Sale

Dallas—Greysteel has recently been named exclusive advisor and agent for the sale of a 12-unit multifamily community in Dallas. Metropolitan Capital Advisors selected Greysteel for the sale of Herschel Manor.

Herschel Manor

Located at 4107 Herschel Ave., the property built in 1930 incurred significant capital expenditures for the upgrade of all unit interiors and exteriors both in 2015 and 2016. Herschel Manor features a unit mix of four efficiency units with 500 square feet and eight one-bedroom units with 700 square feet.

Greysteel’s Dallas-Fort-Worth team in charge of marketing the property is formed by Boyan Radic, managing director, Doug Banerjee, senior director, Andrew Mueller, Ryan Hill and Andrew Hanson, investment associates.

“Oak Lawn is one of the most sought-after neighborhoods in Dallas and has experienced some of the strongest rent growth nationwide over the past couple years,” Mueller said in a prepared statement. “The current ownership did a phenomenal job renovating the property, allowing a new owner to take over a turnkey deal and benefit from Dallas’ strong rent growth with minimal future capital expenditures.”

Image courtesy of Greysteel