Brazos Residential acquires Rush Creek

Arlington, Texas, United States

Brazos Residential bought Rush Creek, a 248-unit community on 16 acres in Arlington completed in 2004, from Pennybacker Capital, assuming a $17.6 million CMBS loan issued in 2019. Marcus & Millichap's Wes Racht, Sam Pettigrew, Nick Fluellen and Bard Hoover brokered the sale. Multi-Housing News described it as an affordable asset.