Metropolitan Capital Advisors has arranged the sale of Drexel Park Hollow—a 96-unit Class AA luxury apartment community located in Dallas, TX nestled between Highland Park and Preston Hollow. MCA represented a local private equity firm as seller. Sunny Sajnani, Principal of MCA, arranged for a NY based family office to purchase the asset as a long term hold. The terms of the sale are undisclosed. 

Drexel Park Hollow is an iconic, beautifully constructed Class AA apartment community. A luxury property of this scale, location and quality is not reproducible in this submarket, making Drexel Park Hollow truly a legacy asset. Located between North Park and Preston Center, and Central Expressway and North Dallas Tollway, the property is minutes from the finest shopping, dining, arts, culture, sports and entertainment in Dallas.

The unit mix appeals to an older demographic who is downsizing but still require space similar to their previous residence. This demographic typically has sold their large home and want the luxury of a service-oriented building along with generous space and building security. Such accommodations are almost non-existent on a rental basis. The buildings also appeal to another broad range of renters by choice, including singles and professionals working in Downtown or Uptown, who do not want the obligation of ownership. The average apartment unit size is an excess of 2,500 square feet. 

Since 1992, Metropolitan Capital Advisors has closed in excess of $12 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US.

Sunny Sajnani
972.267.0600www.metcapital.com ssajnani@metcapital.com