McDowell Properties Gets 1,194 Units From EQR

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DALLAS-In one day of closings, McDowell Properties has laid claim to 1,194 units of four class A and class B multifamily properties of Equity Residential Properties Trust. The swap was sealed in two transactions following side-by-side, no minimum-ask sales campaigns.

The Chicago-based seller has handed over deeds to the 376-unit Madison on the Parkway at 19002 Dallas Parkway and 372-unit Wimberly Apartment Homes at 4141 Horizon N. Parkway, both in Dallas and marketed by Dirk Goris with CB Richard Ellis in Dallas. Equity Residential also sold the 248-unit Wimbledon Oaks Apartments at 1802 Wimbledon Oaks Lane in South Arlington and 198-unit Villas of Josey Ranch at 2050 Keller Springs Rd. in Carrollton, both marketed by Brian O’Boyle Sr., founder and principal of Apartment Realty Advisors in Dallas.