Texas

DALLAS — A joint venture between locally-based Anthem Development and Austin-based ATX Acquisitions has purchased Eleven600 Apartments, a 216-unit community located in the Lake Highlands region of Dallas. The seller and sales price were not disclosed. Eleven600 Apartments offers units in one- and two-bedroom layouts. Amenities include a pool, clubhouse, fitness center, playground, sports court and outdoor grilling and dining stations. The new owners plan to implement a value-add program at the community.

ARLINGTON, TEXAS — Marcus & Millichap has negotiated the sale and financing of Fielder’s Glen, a 220-unit asset in Arlington. Rise48 Equity purchased the asset from Western Wealth Capital for an undisclosed price. Fielder’s Glen offers studio, one- and two-bedroom units. Amenities include a pool, barbeque and picnic area, laundry facilities and a fitness center.  Al Silva and Ford Braly of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller and procured the buyer. Brandon Brown with Marcus & Millichap Capital Corp. arranged acquisition financing.

SAN ANTONIO — JLL Capital Markets has arranged the sale of Jones & Rio, a 191-unit asset located in River North mixed-use district in San Antonio. Robert Arzola, Ryan McBride and Robert Wooten led the Investment Sales and Advisory team representing the seller, Benefit Street Partners. Jones & Rio was built in 2017. According to the property website, amenities include a pool, lounge, fitness center, coffee bar and package system. 

AUSTIN, TEXAS — JLL Capital Markets has brokered the sale of 3Waller, a 259-unit property in downtown Austin. Placemakr purchased the asset from Transwestern for an undisclosed price. Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller in the deal. 3Waller was built in 2022. The complex offers studio, one- and two-bedroom micro-units that have an average size of 467 square feet.