Newmark Arranges Sale and Financing of 245-Unit Multifamily Asset in McKinney, Texas’ Medical District

November 17, 2025 1:00 PM

Newmark announces the Company has arranged the sale and financing of McKinney Village, a 245-unit multifamily community located adjacent to the Medical District in McKinney, Texas.

Newmark Multifamily Capital Markets Vice Chairmen Brian O’Boyle, Jr. and Brian Murphy, Executive Managing Director Richard Furr and Associate Jack Forman represented the seller, Equus Capital Partners, LTD, in the sale. Executive Vice Chairman Mitch Clarfield and Director Alec Newman secured the financing from Fannie Mae on behalf of the buyer, Weidner Apartment Homes. The transaction marks Newmark’s second time handling the sale and financing of the asset.

“McKinney Village offered an opportunity to acquire a high-quality asset in one of North Texas’ most dynamic and fastest growing submarkets,” O’Boyle, Jr. said. “Its prime location – adjacent to Medical City McKinney Hospital, Collin College and the lifestyle centers at Fairview Town Center and Village of Allen – positions the property for long-term success and sustained renter demand.”

McKinney Village offers a diverse mix of efficiencies, one- and two-bedroom apartments and two-story townhomes with attached garages. The 2017-built property maintains a 94% occupancy rate, with units averaging 877 square feet. Interior features include open-concept layouts, upgraded finishes and private gated patios for select ground-floor units. Community amenities include walking trails, a rose garden, bike repair and storage areas, a pet park and abundant outdoor seating.

“We’re delighted with this financing, which underscores Weidner and Fannie Mae’s strong conviction in both Texas and the broader Dallas–Fort Worth market,” said Newman. “Weidner has had strong success here, and we appreciate Fannie Mae’s trust in its continued performance.”

Clarfield added, “This transaction represented a well-aligned opportunity for both borrower and lender. By acquiring a high-quality, Green Globes-certified asset with a significant number of ‘mission units’, Weidner met Fannie Mae’s criteria, and Fannie Mae provided unbeatable pricing and a seamless execution. We look forward to building on this success in future transactions.”

Located at 201 McKinney Village Parkway, the property is less than a five-minute walk from Medical City McKinney and Collin College’s Central Park Campus. Residents are a short drive from the city’s historic downtown, which offers vibrant dining, retail and entertainment options. Major employment hubs, such as Plano’s Legacy West and The Shops at Legacy, are reachable in about 25 minutes via US-75.

According to Newmark Research, the Dallas–Fort Worth metroplex remains one of the nation’s most economically dynamic regions, with more than 8.4 million residents and continued in-migration driving robust multifamily fundamentals and investment opportunities. McKinney has grown more than 13.5% since 2020, reaching about 224,183 residents in 2025. The area continues to benefit from ongoing investment by major employers, including Raytheon’s $100 million expansion, which added over 500 jobs nearby.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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