Pearlmark Closes on Resia Dallas National

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.

The investment was made on behalf of Pearlmark Mezzanine Realty Partners V, L.P. (“Mezz V”). The senior loan was provided by Fifth Third Bank. The borrower and sponsor was Resia (formerly known as AHS Residential).

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.