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Transactions - MAY 28, 2021

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Huffines Communities sells resort-style multifamily development in Texas

by Kali Persall

Huffines Communities, one of the largest residential developers in the Dallas area, has sold one of the largest privately owned class A multifamily developments in the metroplex, Hebron 121 Station.

EastSky, an East Coast multifamily investor, purchased the 90-acre resort-style community of 1,429 units in Lewisville, Texas, for an undisclosed amount from brothers Donald and Phillip Huffines. The development is located adjacent to and served by IH-35E, State Highway 121, the President George Bush Turnpike and the Denton County Transit Authority (DCTA) Rail Station in Texas.

The City of Lewisville also owns 150 acres adjacent to the multifamily community that is dedicated for hike-and-bike trails, lakes and green space. Residents of the community are walking distance to the DCTA A-Train line at Hebron Station, a 21-mile commuter rail line connecting Denton and Dallas Counties.

“My brother Don and I have spent a decade creating Hebron, making certain it was the b

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