DALLAS, TX - Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Main Street Lofts, a newly built 266-unit multifamily community in Dallas’ Mansfield submarket.
Grant Raymond, Asher Hall, Robert Stickel, and Alex Brown of Cushman & Wakefield represented the sellers, Realty Capital Residential and PointOne Holdings, in the transaction. The multifamily community was acquired by SPI Advisory.
“Due to the large pullback in construction starts in Dallas-Fort Worth, Main Street Lofts will capitalize on swift rental increases and demand. This surge in demand is expected to benefit the asset, particularly by the spring and summer of 2025,” said Raymond, Senior Director at Cushman & Wakefield.
Built in 2022, Main Street Lofts is a suburban community in a vibrant mid-cities location with convenient access to high density employment hubs. Units include superior kitchen finishes such as quartz countertops, stainless steel appliances, gooseneck faucets, farmhouse sinks, and herringbone mosaic tile backsplashes. Community amenities include a resort-style swimming pool, bike trail, resident lounges, social library with coffee bar, and a fourth-floor deck entertainment lounge.
“We observed a high-level of interest from all-cash institutions to prominent family offices to private equity firms, showcasing that the appetite for multifamily investment is still strong for well-located, core real estate in growth markets throughout Dallas-Fort Worth,” added Hall, Senior Director at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 105-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group has closed $4.7 billion in sales volume through 143 deals and 25,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com