Frontline Holdings Expands Texas Footprint

The company acquired the 334-unit Westview Apartments in Lewisville. JLL Capital Markets arranged acquisition financing on behalf of the seller.
Westview Apartments
Westview Apartments

Frontline Holdings has purchased Westview Apartments, a 334-unit community in Lewisville, Texas. A JLL Capital Markets team led by Managing Director Mark Brandenburg secured the necessary financing for the acquisition through a Voya Financial loan. InterCapital was the seller in this transaction.

Located at 201 W. Southwest Parkway, the property is 23 miles northwest of downtown Dallas. The 1985-built community encompasses 20 two-story buildings spread across a roughly 14-acre site, according to Yardi Matrix data. The unit mix consists of 198 one- and 136 two-bedroom apartments, ranging from 529 to 978 square feet. Amenities include:

  • a fitness center
  • clubhouse
  • tennis and volleyball courts
  • two swimming pools
  • playground
  • business center
  • 620 parking spaces

“Multifamily product in North Texas continues to pique the interest of investors everywhere, thanks to the region’s continued growth and sound economic fundamentals. Frontline Holdings identified a great investment opportunity in Westview, which we anticipate will provide strong, long-term returns,” said Brandenburg, in a prepared statement.

This is not the first collaboration between JLL and Frontline Holdings. This spring, Brandenburg secured financing for Rock 35, a 144-unit community in Round Rock, Texas, on behalf of the California-based company.

Image courtesy of Yardi Matrix