Resia Sells Newly Completed 336-Unit Asset in Dallas
The community came online last year.
RPM has acquired Resia Dallas West, a 336-unit multifamily property in Dallas, according to Yardi Matrix. The company took out a $38.9 million Freddie Mac loan originated by Greystone Servicing Corp., set to mature in 2030.
Resia sold the asset, the same data provider shows. The firm completed the property last year using funds from a note from Fifth Third Bank. The community marked the company’s first development in the Metroplex.
The new owner rebranded the property as Remi West Dallas. Located at 5050 Keeneland Parkway, the community is close to Highway 12 and less than 11 miles from downtown Dallas. Downtown Fort Worth, Texas, is 28 miles west, while DFW International Airport is 16 miles away.
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The community encompasses eight three-story buildings across more than 16 acres. The unit mix comprises one-, two- and three-bedroom floorplans ranging between 612 and 1,041 square feet. A total of 57 units are reserved as affordable.
Common-area amenities include a fitness center, swimming pool, playground, clubhouse and business center, as well as a multipurpose room. The property also has a dog park and walking trail.
Dallas multifamily sales grow year-over-year
Dallas–Fort Worth recorded the sale of 105 multifamily properties totaling more than 27,000 units in the first half of the year, according to Yardi Matrix. This marks a significant increase from the same period of last year, when just 74 properties—comprising approximately 15,300 units—changed hands.
Last month, AEW Capital Management acquired The Casey, a 300-unit luxury community in Frisco, Texas. The five-story building came online last year.
