Basswood Manor Apartments

Opportunity Overview

• Gomel Capital Partners (“Gomel” or the “Sponsor”) is under contract to purchase Basswood Manor (the “Property”) located in Lewisville, TX a northern suburb of Dallas, TX. It is comprised of 14 two-story buildings with a total of 212 units with 268 parking spaces.
• The transaction was procured off-market through deep local expertise and breadth of relationships.
• The negotiated purchase price of the Property is $300,000 less than the appraised value of $16,850,000.
• The Seller is a foreign owner with a large portfolio of properties that has distracted them from focusing on Basswood.

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