The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, has
announced the sale of Shadow Park Apartments, a 168-unit garden-style multifamily community located in Lake Jackson, Texas.
Paul Yazbeck represented the seller, while Yonnic Land sourced the buyer, who is entering the sub-market. The transaction was structured as a high-leverage loan assumption, with the buyer securing their first agency-backed loan.
Built in 1980, Shadow Park Apartments offers a mix of one- and two-bedroom units ranging from 536 to 960 square feet. Community amenities include a gated entrance, swimming pool, fitness center, laundry facilities, and a business center. Select units feature walk-in closets, private patios or balconies, and in-unit washer/dryer connections.
The property is situated near Brazosport College, a Dow Chemical corporate office, and local retail, providing residents with strong connectivity to major employers and services. This marks TMG’s 10th closing in secondary and tertiary markets in 2025, with five more currently in escrow.
The Multifamily Group is a commercial real estate brokerage firm focused exclusively on clients and helping them market, sell and acquire multi-housing assets. Based in Dallas, Texas, investors look to The Multifamily Group for one thing – results.
Brazosport College is a public community college in Lake Jackson, Texas. The college opened in 1968 and offers primarily associate degrees and some bachelor’s degrees.
