Newmark's Dallas-based Multifamily Capital Markets group has been working together since 2010, consistently ranking as one of the top multifamily brokerage teams in Texas. In 2020, the group closed The Residence at North Dallas Phases I and II, a $140+ million transaction consisting of 1,032 units. The transaction is noteworthy due to its size and the fact that it closed during the COVID-19 pandemic.

Management was able to maintain property operations at the multifamily site and even increase occupancy during the summer months. A selective relaunch of the property generated multiple offers at pricing similar to pre-COVID-19 levels. Ultimately, the property successfully closed with institutional capital.