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DALLAS — A partnership between three investment firms — California-based Waterford Property Co., The Vistria Group and Brooklyn-based Northern Liberties — has acquired Domain at Midtown Park, a 395-unit apartment community in North Dallas. Concurrent with the sale, the new ownership entered into a 99-year ground lease with the Dallas Housing Finance Corp. to place rent restrictions on the property in exchange for a full property tax abatement. More specifically, 51 percent of the units will be reserved for renters earning 80 percent or less of the area median income (AMI), while 39 percent of the residences will be earmarked for households earning 140 percent or less of AMI. The remaining units will be rented at market rates. Domain at the Park was originally constructed in 2016 and offers amenities such as a pool, clubhouse, fitness center, business center, outdoor grilling and dining stations, dog park and a golf simulator. Walker & Dunlop originated Freddie Mac acquisition financing for the deal.

FORT WORTH, Texas — Nonprofit senior living provider Buckner Retirement Services has acquired The Stayton at Museum Way in Fort Worth. The 11-story continuing care retirement community features 188 independent living units, 42 assisted living units, 20 memory care units and 46 skilled nursing units. The seller, Lifespace Communities, acquired The Stayton in 2019 and has operated it since that time. The anticipated closing date for the purchase is June 2024 but may occur as soon as late April, according to the buyer. 

FORT WORTH, TEXAS — Wisconsin-based investment firm MLG Capital has sold Copperfield Apartments, a 323-unit multifamily community located on the southwest side of Fort Worth. Copperfield Apartments offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor grilling and dining stations, business center, package lockers and onsite laundry facilities. Michael Ware, Taylor Hill, Drew Kile, Joey Tumminello, Will Balthrope, William Hubbard and Cameron Purse of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented MLG Capital, which purchased the property in 2019, in the transaction. The team also procured the buyer, Dallas-based investment firm Rise48 Equity, which plans to invest about $9 million in capital improvements and rebrand the property as Rise Spring Pointe. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Jesse Zarouk, also with IPA, arranged an undisclosed amount of acquisition financing for the deal.