International investor Excelsa Properties has made its first purchase in the Dallas-area. The Lebanon-based investor purchased Aspen at Mercer Crossing, a 260-unit multifamily community located at 1851 Knightsbridge Road, in Farmers Branch. This North Texas acquisition is the sixth multifamily property acquisition for the firm’s Excelsa US Real Estate I fund which is buying $500 million in U.S. property. Aspen at Mercer Crossing was completed in 2019.
Equus Capital Partners Ltd has acquired McKinney Village, a 245-unit apartment community at 201 McKinney Village Pkwy McKinney. The acquisition was made on behalf of Equus Investment Partnership XI fund. Brian O’Boyle Jr., Steve Comly and Eric DeStefano of Newmark Knight Frank brokered the sale.
EBO Marketing Inc., developer of Sandy Lake Office Park, has sold the property to local accounting firm JV Empire LLC. The office buildings have 9,224 square feet and are at 1507 and 1529 E. Sandy