The Multifamily Group Announces Successful Off-Market Sale of 91-Unit Autumn Chase Apartment Community in Temple, Texas

DALLAS, TX - The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, is pleased to announce the successful off-market sale of Autumn Chase, a 91-unit multifamily community located in Temple, Texas. Originally constructed in 1985, the stabilized property was cash-flowing at closing while offering the new ownership additional value-add potential through continued renovations and operational improvements.

Jackson Morris represented both the local seller and the out-of-state buyer in the transaction. The acquisition served as a successful 1031 exchange upleg for the buyer and involved the recapitalization of a formerly HUD-financed property with new acquisition debt. The buyer also provided hard earnest money from day one, helping create certainty of execution for the seller.

"Autumn Chase was a unique opportunity to bring together a local owner and an out-of-state buyer through an off-market transaction," said Morris. "The property offered strong in-place cash flow with additional upside still ahead, which made it a great fit for the buyer's 1031 exchange. Being able to structure a transaction that met the objectives of both sides made this an especially rewarding closing."