Dallas Morning News Nationwide Insurance provided $56 million of acquisition financing for the purchase of Jefferson Terrace, a 354-unit apartment property in the Dallas suburb of McKinney, Texas. Arnel Management, a Costa Mesa, Calif., investor, purchased the complex from its developer, JPI of Irving, Texas. Jefferson Terrace, at 1703 Rockhill Road, opened last year and […]

The post $56Mln Lent for Purchase of McKinney, Texas, Apartments appeared first on Commercial Real Estate Direct.