37th Parallel Properties Acquires Woodbridge Villas in Dallas-Fort Worth
37th Parallel Properties has acquired the 222-unit Woodbridge Villas apartment community in Sachse, Texas. The off-market purchase expands its presence in the Dallas-Fort Worth metro and aligns with the firm's strategy of investing in high-demand submarkets with strong demographics and limited supply. Sachse is characterized by an affluent population, top-rated schools, low crime rates, and a constrained housing market that supports stable occupancy and rent growth. The property features 10.5 acres with one-, two-, and three-bedroom units averaging 875 square feet across 11 buildings. It includes amenities such as garages, fitness centers, and resort-style pools. Financing for the acquisition was arranged through a fixed-rate, interest-only loan from Freddie Mac via Berkadia. The property will be managed by RPM Living. This purchase marks the final investment in 37th Parallel's second fund (Fund II), which targets value-add multifamily assets across Texas and the Southeast.
Topics: acquisition Dallas-Fort Worth metro real estate investment