Chicago, IL (May 20, 2022) – Pearlmark announced that it closed on a $11.1 million high-yield investment for the development of Resia Dallas National, a 336-unit multifamily property located in Dallas, Texas. The development will include 17 affordable units and is located in the North Oak Cliff/West Dallas submarket, directly across the street from Dallas National Golf Club with convenient access to highways and a large employment base.
Bill Swackhamer, Managing Director of Pearlmark, arranged the transaction for Pearlmark. Mr. Swackhamer commented, “We are very glad to be making this investment with Resia, a top-quality sponsor, in a growth market with solid fundamentals.”
Doug Lyons, Managing Principal and Head of Debt Investments for Pearlmark, further commented, “Resia has proven itself extremely capable of building very high-quality apartment product cost effectively to offer affordable rents for working professionals and families.”
Pearlmark is a Chicago-based investment firm that targets domestic core to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, Pearlmark has sponsored more than a dozen real estate equity and debt investment programs and completed 560 real estate equity and debt transactions on behalf of investors, representing $5.3 billion in equity capital commitments and $13.7 billion in gross investment value. Pearlmark is dedicated to creating value for its investors and offers a range of investment opportunities nationwide across various property types (office, industrial, multifamily). For more information, please visit https://www.pearlmark.com.