Newmark Arranges Sale and Financing of Jefferson Cove, a 283-Unit Class A Community in Grand Prairie, Texas

March 12, 2026 9:00 AM

Newmark announces the Company has arranged the sale and financing of Jefferson Cove, a 283-unit Class A multifamily community located in the high-growth Grand Prairie submarket within the Dallas-Fort Worth Metroplex.

Newmark Vice Chairmen Brian Murphy and Brian O'Boyle, Jr. and Executive Managing Director Richard Furr represented seller TDI in the transaction. Executive Vice Chairman Purvesh Gosalia arranged acquisition financing on behalf of buyer Madera Residential.

"Jefferson Cove provided investors the opportunity to acquire a core Class A asset with strong demographics," said Furr. "This luxury 283-unit property was completed in 2024 and offers a highly attractive investment opportunity with modern design and robust amenities."

Jefferson Cove is a luxury garden-style property offering contemporary design, premium unit finishes and a resort-style amenity package. Strategically positioned within the Mansfield/Grand Prairie corridor, one of the fastest-growing and most accessible areas in the Dallas-Fort Worth region, the property benefits from proximity to major transportation corridors including Highway 360, Interstate 20 and the President George Bush Turnpike. The apartments are also approximately 30 minutes from both Downtown Dallas and Downtown Fort Worth and offer convenient access to DFW International Airport.

"The successful execution of both the sale and financing underscores continued investor conviction in high-quality, well-located multifamily assets across North Texas," said Gosalia. "Capital remains highly selective, and newly delivered, stabilized communities in supply-constrained submarkets continue to generate meaningful interest."

According to Newmark Research, the South captured 53.8% of total U.S. apartment sales demand in 2025. Importantly, for high-growth Sunbelt markets such as Dallas-Fort Worth, new supply has begun to decelerate meaningfully, with annual unit starts down nearly 30% from two years ago and units under construction declining more than 47% year-over-year. Within this environment, Class A assets have outperformed lower-quality product, posting positive year-over-year rent growth, further supporting investor interest in newly delivered, well-located communities such as Jefferson Cove.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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