Buchanan Street Partners has acquired Waters Edge, a 351-unit multifamily community located at 3651 Prairie Waters Drive in Grand Prairie, TX. The property was sold by Trinsic Residential Group.
Buchanan Street Partners, based in Newport Beach, CA, acquired Waters Edge at Mansfield, a 351-unit multifamily community at 3651 Prairie Waters Dr. in Grand Prairie. In its first Texas deal in several years, Buchanan Street acquired the property for an undisclosed sum from Trinsic Residential Group.
Waters Edge at Mansfield in Grand Prairie totals 351 units. The property was built in 2019. GRAND PRAIRIE, TEXAS — California-based investment firm Buchanan Street Partners has acquired Waters Edge at Mansfield, a 351-unit apartment community located in the central metroplex city of Grand Prairie.
A California-based real estate investment management firm has acquired Waters Edge, a 351-unit multifamily community at 3651 Prairie Waters Drive in Grand Prairie.
Buchanan Street Partners plans to spend $350 million to $500 million to buy and build in the sector. New buyers are making big bets on self-storage properties—despite an uncertain economy distressed by the relentless spread of the coronavirus, as doctors diagnose new cases in record numbers.
With a new platform and plans to deploy as much as $500 million in the next five years, the company has also brought in an executive with substantial experience in the sector.
Newport Beach, CA-based Buchanan Street Partners acquired The Vibe Apartments, a 276-unit multifamily community in Fort Collins, CO from Milestone Development Group for $74 million. The acquisition solidifies Buchanan’s presence in Colorado with four assets spread across the Front Range.
