Huffines Communities, one of the largest residential developers in the DFW Metroplex, announced the sale of the 644-unit Harmony Hill Luxury Apartments. In May, the two-time MCSam ‘Multifamily Community of the Year’ was sold to the Seattle-based Weidner Apartment Homes.
Harmony Hill Apartments was not on the market, and Kevin O’Boyle originated the opportunity for sale with CBRE. “Our firm was in the process of refinancing the asset when we were approached with an offer we could not refuse,” said Haley Gigliotti, Huffines Communities’ Director of Multifamily.
This exit for Huffines comes only 2 years after the firm sold their flagship development, Hebron 121 Station, to a New York-based buyer. Hebron was a Class-A trophy asset with over 1,400 units located in Lewisville, Texas. Despite the recent exits, Phillip Huffines, President of the firm, passionately believes in developing for long term holds. He and his brother Donald enjoy the details of design and creating unique communities that consistently outperform the competition.
About Harmony:
Harmony Luxury Apartments, one of our multifamily developments located in Rowlett, Texas, offers open floor plans for an upscale urban lifestyle. Featuring 644 units, two resort-style pools, outdoor grills, a 9-hole disc golf course, lounge areas, and a 7,000+ square foot fitness center.
Harmony is located on the George Bush Turnpike and is within Garland ISD. Our apartments are surrounded by the best shopping, fine dining, and entertainment the city has to offer. Winner of the McSam 2019 Multifamily Community of the Year, Harmony is set apart from others in many aspects.
About Huffines Communities:
Huffines Communities, founded in 1985, started primarily as a residential land development firm. Today, the company is one of the largest, privately held, multifamily and single-family developers in the Dallas-Fort Worth area. The firm has built over 2,400 apartment units and over 15,000 single family lots in the last 15 years.
About Wiedner Apartment Homes:
Wiedner is a privately held Seattle-based company that owns over 57,000 units across 12 states and two countries according to NMHC. The firm’s founder, Dean Weidner, bought his first rental property in Seattle, WA in 1977 and now ranks as the 15th largest apartment owner in the United States.
Read more about it in the Dallas Business Journal Article below
