Buchanan Street Partners, a nationally recognized real estate investment management firm based in Newport Beach that focuses on making debt and equity investments in commercial and multifamily real estate, has announced the hiring of Scott Magoffin as Head of Debt Originations.
Between a multifamily sale, acquisition and the launch of a new product line, Buchanan Street Partners has had an active fall quarter. The Newport Beach-based real estate investment management firm recently wrapped $140 million in deals.
Buchanan Street Partners, based in Newport Beach, CA, acquired Waters Edge at Mansfield, a 351-unit multifamily community at 3651 Prairie Waters Dr. in Grand Prairie. In its first Texas deal in several years, Buchanan Street acquired the property for an undisclosed sum from Trinsic Residential Group.
Waters Edge at Mansfield in Grand Prairie totals 351 units. The property was built in 2019. GRAND PRAIRIE, TEXAS — California-based investment firm Buchanan Street Partners has acquired Waters Edge at Mansfield, a 351-unit apartment community located in the central metroplex city of Grand Prairie.
Buchanan Street Partners plans to spend $350 million to $500 million to buy and build in the sector. New buyers are making big bets on self-storage properties—despite an uncertain economy distressed by the relentless spread of the coronavirus, as doctors diagnose new cases in record numbers.