Layers-Galleria-Farmers-Branch

MG Properties Buys Layers Galleria in Farmers Branch, Texas

by Lynn Peisner

FARMERS BRANCH, TEXAS — IPA has arranged the sale of Layers Galleria, a 330-unit property in Farmers Branch, 14 miles north of Dallas. IPA’s Joey Tumminello, Taylor Hill, Drew Kile, Michael Ware and Jack Windham represented the seller, Pittsburgh-based HLC Equity, and procured the buyer, San Diego-based MG Properties. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets arranged an undisclosed sum of acquisition financing. The three-story community was developed in 2013. Amenities include a pool, parking garages and a 24-hour fitness center.

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