Greysteel, a national commercial real estate investment services firm, has arranged the sale of Wexford Townhomes, a multifamily property located in Duncanville, TX, on behalf of Virtue Wexford Owner LLC to PC Wexford, LLC.

Greysteel Managing Director, Boyan Radic; Senior Director, Doug Banerjee; and Investment Associates, Andrew Mueller, Ryan Hill, and Andrew Hanson; who are all based in the Company’s Dallas and Fort Worth offices, represented the seller and procured the buyer.

Wexford Townhomes, built in 1984, is composed of 17 two-story buildings totaling 122 units on nearly seven acres. Property amenities include attached garages, 24-hour maintenance, and a swimming pool. Located at 600 Wembley Circle, residents of Wexford Townhomes enjoy easy access to Downtown Dallas and numerous areas throughout Texas via I-35E, I-20, and I-67. A bus stop directly in front of the property provides service to Ledbetter Station via Route 404 where the DART Light Rail provides affordable and convenient transportation to Downtown Dallas on the Blue line.

"Wexford Townhomes is a well-maintained property with nearly all units upgraded and located on a hard corner in Duncanville,” said Mr. Banerjee. “The new buyer will enjoy tremendous cash flow with the fixed-rate debt that was assumed on the transaction. New ownership plans to continue increasing rents as leases turn, as the property has maintained stable occupancy in the mid to high 90% range for the last 12 months," he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com