Newmark Arranges Sale and Financing of 424-Unit Class A Multifamily Asset in Frisco, Texas

January 29, 2026 9:00 AM

Newmark announces the Company has arranged the sale and financing of a 424-unit, Class A multifamily community located in Frisco, Texas. Newmark Multifamily Capital Markets Vice Chairmen Brian Murphy and Brian O’Boyle, Jr. and Executive Managing Director Richard Furr represented the seller, Bascom Group, in the sale transaction. Vice Chairman David Schwarz secured acquisition financing on behalf of the buyer. The transaction marks the second time Newmark has sold the asset.

“This property generated significant investor interest,” said Murphy. “Frisco is one of the strongest submarkets in the Dallas-Fort Worth area, and investors continue to be drawn to its exceptional market fundamentals, top-rated schools and proximity to major employers.”

Schwarz added, “We’re very pleased with the financing outcome. Lenders were enthusiastic about the location and the quality of the asset, and the buyer had multiple debt options to choose from.”

Constructed in 2017, the asset was 91% occupied at the time of sale and features modern architecture, controlled access, structured parking and a best-in-class amenity package. Residents enjoy a state-of-the-art fitness center and yoga studio, clubroom and business center, indoor and outdoor sky lounges, a resort-style pool, grilling areas and pet-friendly facilities.

Located in the heart of Frisco, one of North Texas’ most dynamic and rapidly growing submarkets, the property sits just steps from the $5 Billion Mile and is adjacent to The Star, headquarters of the Dallas Cowboys, Legacy West and the PGA of America headquarters. The location provides immediate access to major employment centers as well as premier retail and dining throughout Frisco and Plano. Within a one-mile radius, average household income exceeds $130,000, highlighting the strength of the surrounding demographics.

According to Newmark Research, the Dallas-Fort Worth multifamily market continues to outperform national averages in both rental demand and sales volume, reinforcing the region’s standing as one of the country’s most resilient and attractive multifamily investment markets.

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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