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MANSFIELD, TX-Rising interest rates and increasing competition for class A multifamily product didn’t impede Advenir’s most recent acquisition in the Dallas-Fort Worth submarket. The Florida buyer now owns the 334-unit Dolce Living at Mansfield (renamed [email protected]), though chief acquisition officer Todd Linden acknowledges there were some tense moments throughout the escrow.

“The interest rates moved during the middle of the deal, which made it challenging,” he tells GlobeSt.com. “They’re still low, but they moved about 80 basis points between the executed LOI and when we actually locked in the rate.”

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