Phillips Realty Capital completed a full cycle sale and 1031 exchange with the acquisition of class-A apartments in Plano, Texas on behalf of a family office client. The Generic Management partnered with CAF Capital Partners to jointly purchase a five-story, 459-unit Class A apartment building. The acquisition was financed by a combination of 1031 exchange proceeds from a data center land sale and a Freddie Mac loan. The data center land disposition and joint venture apartment acquisition were advised by a team at Phillips Realty Capital.
$63,247,000 Freddie Mac loan