Off-Market Institutional Apartment Sale: Vista 121, Lewisville, TX for $32,000,000
Sale at a Glance
Vista 121, a 270-unit premier apartment community in Lewisville, Texas, was sold in an exclusive $32,000,000 off-market transaction on February 16, 2017. Brandon Hiett sourced the buyer, Harbor Group International, facilitating a direct deal with the seller, Westmount Realty Capital. The sale is a standout example of relationship-driven brokerage and the ongoing strength of the Dallas-Fort Worth multifamily market.
Sale Details
This notable multifamily sale brought together two respected institutional investors in a confidential, off-market process.
Sale Price: $32,000,000
Closing Date: February 16, 2017
Total Units: 270
Buyer: Harbor Group International
Seller: Westmount Realty Capital
Buyer Sourced By: Brandon Hiett
Transaction Type: Off-market, direct institutional trade
Property Highlights
Vista 121 delivers upscale apartment living with a variety of standout amenities and modern conveniences.
Dog Park: Dedicated space for residents and their pets
Strength & Cardio Center: Fully equipped fitness center for all workout needs
Pool with Hydrotherapy Spa: Resort-style pool area with a relaxing spa
Cyber Cafe & Business Center: On-site business amenities for residents
Sundeck with Cascading Fountain: Inviting outdoor relaxation area
Contemporary Floorplans: 1-3 bedroom layouts designed for comfort
Key Investment Features
The asset’s features and market position made it a strategic acquisition for institutional investors.
High-Demand Submarket: Located in vibrant Lewisville within the Dallas-Fort Worth metroplex
Quality Construction: Well-maintained property with modern finishes and amenities
Value-Add Potential: Opportunities for operational improvements and future enhancements
Appealing Demographics: Proximity to major employers and highways attracts stable tenancy
Institutional Ownership: Maintained to high standards, ensuring consistent performance
Market Strategy and Positioning
This transaction was conducted entirely off-market, allowing both buyer and seller to negotiate directly and efficiently without broad market exposure. By leveraging trusted relationships and a deep understanding of institutional investor needs, Brandon Hiett was able to discreetly source a qualified buyer and ensure a smooth transaction. The seamless execution highlights the importance of network-driven brokerage in today’s competitive multifamily sector.
Frequently Asked Questions (FAQs)
This off-market sale reflects both the investment appeal and the resident-focused features of Vista 121.
Q: What unique amenities does Vista 121 offer its residents?
A: Residents enjoy a dog park, fitness center, hydrotherapy spa, cyber cafe, business center, and a sundeck with a cascading fountain.
Q: Who were the buyer and seller in this transaction?
A: The buyer was Harbor Group International and the seller was Westmount Realty Capital.
Q: Why was the transaction handled off-market?
A: Both parties preferred a confidential negotiation process, which allowed for efficiency and direct communication.
Q: How did Brandon Hiett contribute to the sale?
A: Brandon Hiett sourced the buyer and facilitated the direct, off-market transaction between two institutional investors.
Q: What makes Lewisville an attractive multifamily investment market?
A: Lewisville offers strong population growth, easy access to major employers, and high demand for quality rental housing.
Want to achieve results like this?
Brandon Hiett has been a broker in Dallas-Fort Worth since 2016. Over that time, he has brokered 300+ transactions having a market value of approximately $462.6 million.
Contact Brandon Hiett to discuss your property goals in the Dallas-Fort Worth region.
