In the news

February 26, 2024

Rural bargain: Texarkana apartment complexes sell for $23M

Texas’ growth story isn’t just confined to the Texas Triangle. Overlooked regions such as Northeast Texas are also attracting investor attention.

New Jersey-based Reynolds Asset Management partnered with Dallas-based Newport Capital Advisors to purchase two multifamily properties for $23 million in Texarkana, which is 180 miles from Dallas. The price works out to under $64,000 per unit.

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