Arlington, TX
172
Units
Year Built: 1980
- Share:
The Deal:
Shadow Ridge is a 172 unit, 1980s Construction asset, located in west arlington just off of Pioneer Parkway.
The Challanege:
While under contract, 2023 taxable value came out to 25% above the Purchase Price, affecting the buyer/lender underwriting substatially. RMA worked with the buyer and seller to allow more time to close, allowing the taxable value to be settled.
The Results:
RMA secured an off market buyer in a challenging market and the buyer perforemd with no retrades. This was RMA’s third disposition for the seller, Madera Residential, in the past six months. This was RMA’s second time closing with the buyer, Brazos Residential.