In late April 2022, a partnership between International Capital and SWBC Real Estate successfully sold Royalton at Grand Prairie, a 300-unit garden-style multifamily development in Grand Prairie, TX.
Completed on time and within budget in 2021, Royalton at Grand Prairie is located off George Bush Turnpike near I-20, a submarket seeing a tremendous amount of new retail and multifamily development.
“Royalton at Grand Prairie experienced a rapid lease-up, stabilizing in 8 months to 97% occupancy well above pro forma rents. The property provides affordable living yet accessibility to major employment centers in Dallas/Ft. Worth while being near major retailers and restaurants such as The Epic and Grand Prairie Premium Outlets.
We want to thank our development partner, SWBC Real Estate, for guiding the project through sale in this supply-chain constrained market.” – Andrew Doster, Director, Multifamily Investments, International Capital.