<body><div><h2>The transaction was an all-cash deal. </h2><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=30ZozZ_1H3NmeUk00" alt="https://img.particlenews.com/image.php?url=30ZozZ_1H3NmeUk00" width="1024" height="733" ><figcaption>Maple Terrace Residences in Uptown Dallas. Image courtesy of Broe Real Estate</figcaption></figure><p>Broe Real Estate Group, the real estate arm of the Broe Group, has acquired Maple Terrace Residences in Dallas, a 22-story, 345-unit apartment community in the Uptown district of the city. The seller was a joint venture between Hines, McNair Interests, Mitsui Fudosan America.</p><p>Broe has rail and real estate holdings in Texas, but this deal marks its entry into the Dallas multifamily market.</p><p>The parties involved did not disclose the price, though they did say that it was an all-cash deal. The Dallas Business Journal reported that the Dallas Central Appraisal District most recently valued the entirety of the mixed-use Maple Terrace at more than $250 million, but that figure also covers the office and retail portions of the development not acquired by Broe.</p><p>JLL Capital Markets Investment Sales and Advisory Teams represented the seller in the transaction. Hines will continue to manage the property.</p><p>Maple Terrace Residences, located at 3003 Maple Ave., opened in 2024 and is part of the new mixed-use Maple Terrace development. The property offers one-, two-, three- and four-bedroom residences and is nearly 92 percent occupied, according to Yardi Matrix.</p><p><b>LISTEN HERE:</b> Top Marketers: Multifamily Marketing Strategies From Master-Planned Communities</p><p>Common-area amenities include a fitness center, a media room, a club house, a swimming pool and a business center. All units include washers and dryers, microwaves and digital locks; some units include fireplaces. There are 811 parking spaces within the structure.</p><p>About $180.6 million in permanent financing, originated by Sumitomo Mitsui Bank in 2021, is associated with the property, Yardi Matrix reports.</p><p>Colorado-based Broe Group manages an $8 billion portfolio of multifamily, commercial and rail assets. </p><p>In October, Broe Real Estate Group acquired 525 Olive in San Diego, its first asset in Southern California’s multifamily market, for a reported $148 million. The 20-story, 204-unit apartment building opened in 2022 in San Diego’s Bankers Hill neighborhood. Walker &amp; Dunlop’s Hunter Combs advised on the transaction.</p><h2>Recent DFW multifamily deals</h2><p>Investment in multifamily properties in greater Dallas has been brisk this year, at about $1.7 billion worth of deals in the first half of 2026. That figure is somewhat lower than a year earlier, when the total was $1.9 billion, Yardi Matrix notes. Still, DFW was the fifth-most popular U.S. market for multifamily investment during the first half of this year, topping such markets as Phoenix, Los Angeles and intra-Texas rival Houston.</p><p>In October, Hines Global Income Trust closed on a $170.5 million purchase consisting of the Bishop Arts Portfolio, a nine-building collection comprising 539 multifamily units and 49,000 square feet of retail space in Dallas. Exxir Capital sold the assets, which were developed between 2018 and 2025.</p><p>In September, Bader Cos. acquired The Arts, a 228-unit asset in Dallas, from GF Properties Group. The property, completed in 2010, is in that city’s downtown.</p></div></body>

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The transaction was an all-cash deal. Broe Real Estate Group, the real estate arm of the Broe Group, has acquired Maple Terrace Residences in Dallas, a 22-story, 345-unit apartment community in the Uptown district of the city. The seller was a joint venture between Hines, McNair Interests, Mitsui Fudosan America.

Broe Group Makes 1st Dallas Acquisition

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The transaction was an all-cash deal. Broe Real Estate Group, the real estate arm of the Broe Group, has acquired Maple Terrace Residences in Dallas, a 22-

Broe Group Makes 1st Dallas Acquisition

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