Affordable Housing Reels in New Ownership
Meadows at Ferguson is directly off Interstate 635, minutes from downtown with access to employers throughout the Dallas metro, and within walking distance to Meadow Creek Village Shopping Center.
DALLAS—Meadows at Ferguson is a 264-unit partially affordable housing property that recently sold to an undisclosed buyer. The 264-unit garden-style property was built in 1983 and consists of a mix of one-, two- and three-bedroom units with an average of 723 square foot per unit.
The gated community includes a fireplace and private balcony in each unit. Common area amenities include a business center, clubhouse, courtesy patrol, laundry service/facilities, picnic area with grill and playground, two swimming pools, and onsite property management.
Situated in the Northeast submarket of Dallas at 11760 Ferguson Rd., Meadows at Ferguson is directly off Ferguson Road and Interstate 635, minutes from downtown with access to employers throughout the Dallas metro. The property is in walking distance to Meadow Creek Village Shopping Center which is home to many stores, retailers, restaurants and nightlife. Additionally, Meadows at Ferguson is minutes from the Dallas Athletic Club, several neighborhood parks and a 10-minute drive to Lake Ray Hubbard.
Greysteel senior managing director Doug Banerjee, managing director Boyan Radic, directors Andrew Mueller and Daniel Hartnett, and senior investment associate Scott Simon arranged the sale on behalf of the seller and arranged the financing on behalf of the buyer.