Institutional Property Advisors brokered the sale of Midway Row House, a 158-unit multifamily property in Dallas, Texas.
Taylor Hill and IPA’s Drew Kile, Joey Tumminello, Michael Ware, and Jack Windham represented the seller and procured the buyer.
The property is near the intersection of the Dallas North Tollway and Interstate 635, 10 miles from Downtown Dallas, Plano, and Frisco. Employment centers, including the Platinum Corridor, Galleria Dallas, Las Colinas, and Cypress Waters surround the property. The nearby town of Addison places residents within proximity of over 200 restaurants, and entertainment venues such as Vitruvian Park and Village on the Parkway.
Built in 2023, Midway Row House has 107 townhomes, 51 flats, and an Infinity Edge swimming pool that overlooks two-acre Blue Lake. Community amenities include a fitness center, two dog parks, a lakeside jogging path, workspaces, and three private offices. Apartments have nine-foot ceilings, eight-foot entry and patio doors, and full-size washers and dryers. The average unit size is 979 square feet.
“IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin and San Antonio,” said Will Balthrope, IPA executive managing director.
