Beachwold Residential Sells Midtown Cedar Hill in Dallas Metro

CEDAR HILL, TEXAS — Beachwold Residential has sold Midtown Cedar Hill, a 354-unit property in Cedar Hill, 10 miles southwest of Dallas, to Centennial Holding Co. The sales price was not disclosed. Institutional Property Advisors (IPA) arranged the sale and acquisition financing, which consisted of an interest-only agency loan. Built in 2015 on approximately 13 acres, Midtown Cedar Hill is a gated, three-story garden-style property with a resort-style pool, a business center and picnic areas with barbecue grills. Apartments feature open-concept living areas, 9-to-12-foot ceilings and granite countertops. IPA’s team representing the seller and procuring the buyer consisted of Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets arranged the loan.