Rowan Multifamily Advisors

Just Listed-Barcelona on Chisolm Trail-248 Units in Fort Worth

​​•Quality, 1980s Construction with Robust Amenity Set
•Located just off the Chisholm Trail Parkway – Providing Residents Easy Access to Downtown Fort Worth
•Tremendous Value Creation Potential Through Stabilization, Interior Upgrades, and Other Income
•Strong Location with Median Household Incomes of $68,000 within Three Miles
•Quality Retailers and Grocers within Walking Distance – Costco, Target, Chick-Fil-a, etc.
•Close Proximity to the Shops at Clearfork (Four Minute Drive)

https://my.rcm1.com/handler/modern.aspx?pv=_FCHnCqG05QItgBM0BcfRP6TKOKLu5c1vS1GT1de-dckYzENQ1cJIfNik3dGcd3a0q1cXL_MWguJ2tugQiQFKQ

Rowan Multifamily Closes the Largest Multifamily Transaction in Lancaster

RMA represented both seller and buyer in the closing of the Riverbend Apartments in Lancaster, TX. The property consists of 471 units constructed in the 1980s. This closing represents the largest multifamily transaction in the City of Lancaster.
•RMA Brought in Out of State Buyer to Close their First DFW Acquisition
•Purchaser has Plans for Extensive Interior Renovation Program
•Buyer, Seller and RMA Team Worked to Navigate Rising Interest Rate Environment

Just Closed - Shadow Ridge - 172 Units - Arlington, TX

The Deal:

Shadow Ridge is a 172 unit, 1980s Construction asset, located in west arlington just off of Pioneer Parkway.

The Challanege:

While under contract, 2023 taxable value came out to 25% above the Purchase Price, affecting the buyer/lender underwriting substatially. RMA worked with the buyer and seller to allow more time to close, allowing the taxable value to be settled.

The Results:

RMA secured an off market buyer in a challenging market and the buyer perforemd with no retrades. This was RMA's third disposition for the seller, Madera Residential, in the past six months. This was RMA's second time closing with the buyer, Brazos Residential.

We had the great opportunity to sit down with the Old Capital team to try and answer this question - "Do we have too many PILOTS and not enough PASSENGERS?"
Take a listen to our discussion here:

Podcast Episode-Do we have too many PILOTS and not enough PASSENGERS? - Rowan Multifamily Advisors Are there too many general partner syndicators and not enough investors? Within the last 10 years…we have observed a lot of apartment transactions closed with the syndication investment model. As […]

Now Available
112 Units in Stevens Park Neighborhood in Dallas, TX
https://lnkd.in/g6Ni-jY9

JUST LISTED - 256 Units in Dallas, TX

The property consists of 256 units built in 1983 and has recently undergone more than $5,000,000 in capital improvements (primarily to the exterior and amenities). As a 1980’s property, you will find desirable characteristics such as pitched roofs, individual HVAC units, washer / dryer connections, covered parking, and controlled access gates. Major improvements include a fully renovated clubhouse, modernized pool area, new roofs, new boilers (2), new hardi-siding, and paint. The unit mix consists of one- and two-bedroom floorplans averaging 815 square feet.

https://lnkd.in/gnJgp_4A

Whether you're a seasoned investor, a property manager, or simply someone who wants to stay up-to-date on the latest developments, this update will give you a bird's-eye view of the DFW multifamily landscape. So saddle up and let's ride through the exciting world of DFW real estate!

https://www.linkedin.com/feed/update/urn:li:activity:7034559212907114497

UPDATED PRICING- Southgate Manor - https://mailchi.mp/b3da23baa2fb/current-investment-opportunities-8111852

Updated Pricing- Southgate Manor, Esperanza, The Hills - https://mailchi.mp/b3f73c6d7129/current-investment-opportunities-8111844

New Pricing reflects a recent shift in the market. Contact our team today to hear about these and other investment opportunities

Just Closed - Parque Vista - 84 Units in White Settlement, TX

The team enjoyed being hosted at this years Old Capital Live Conference at Texas Live!

Rowan Burch helped lead a panel that discussed the current market from a real estate brokers perspective.

Reach out to the team for more information about this years conference or to talk about current investment opportunities
469-619-0630
rowanmultifamilyadvisors.com

Still Available - Barrett Creek

Barrett Creek is located on Glenview Drive southeast of the convergence of Highway 183 and Interstate 820 providing resident’s quick access to Fort Worth, DFW International Airport and the rest of DFW.

There is still significant value add for a new buyer through completing a renovation on the remaining 148 units

https://lnkd.in/gxjdQrmj

Just Closed - Rayo Del Sol - 160 Units in Irving, TX

Contact our team today to learn more about our current listings!

Just Closed - Meadows Crossing - 178 Units in Dallas, TX

Just Closed - The Beverly - Richardson, TX

Just Closed - Summerwind - Greenville, TX

Just Closed - Briar Cove - Greenville, TX

Just Closed - West Village in Arlington, TX

Just Closed - Oaks at Five Mile

Just Listed - Blue Springs - 55 Units in North Dallas

https://dealroom.realnex.com/login.aspx?drid=7733

Just Closed - Prescott on the Park - Dallas, TX

Just Closed - Windjammer Apartments - Garland, TX

Just Closed - Zang Apartments - Dallas, TX

Just Listed - Avaya Garland - 216 Units in Garland, TX



https://lnkd.in/gzx--HhG

Just Listed - 757 Unit Portfolio in Corpus Christi, TX



https://lnkd.in/gWu8QSiM

Just Closed - Agave at Willow Creek - 130 Units - Irving, TX

Just Closed - The Barclay & The Heights - 2 Property Portfolio - 40 Units in Ft. Worth, TX