Closed! — 188 Units in Arlington, TX

[Garret Rumbea]

Excited to share that Flintridge Apartments, a 188-unit multifamily community in Arlington, Texas, has officially closed.

This one took a real team effort to get across the finish line. Toward the end, there were a lot of normal closing items being worked through, including seller-side city items, lender requirements, insurance updates, closing amendments, updated vacancy and delinquency information, and pre-closing walks to verify unit condition before takeover.

A big thank you to our investors for their trust and partnership. We do not take that lightly. Thank you as well to our partners, lenders, brokers, attorneys, property management team, vendors, and everyone else who helped move this forward. There are always a lot of people behind the scenes on a transaction like this, and we’re grateful for each person who played a part.

Now the focus shifts from closing the deal to operating the asset well. That means supporting the onsite team, serving residents, improving leasing, staying disciplined with the business plan, and being good stewards of the property and the capital entrusted to us.

Grateful for the team, grateful for our investors, and looking forward to the work ahead.