REBusinessOnline

Phillips Realty Capital Arranges $63.2M Acquisition Loan Through Freddie Mac for Plano Apartments

Evoke-Apartments-Plano

Evoke Apartments in Plano totals 459 units. The property was built in 2017.

PLANO, TEXAS — Maryland-based mortgage banker Phillips Realty Capital has arranged a $63.2 million Freddie Mac loan for the acquisition of Evoke, a 459-unit apartment community located in the northern Dallas metro of Plano. Built in 2017, the property features one-, two- and three-bedroom units with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, sauna, playground, business center, dog park and a resident clubhouse. The borrower, a partnership between CAF Capital Partners and a family office operating as The Generic Management, purchased the asset in a 1031 exchange. Adam Bieber and William Lawson led the transaction for Phillips.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties