Broe Real Estate Group Buys 345-Unit Maple Terrace Residences in Uptown Dallas, Entering Texas Multifamily Market

Broe Real Estate Group (BREG), the real estate affiliate of the Colorado investment firm The Broe Group, has acquired Maple Terrace Residences, a 22-story, 345-unit Class AA luxury apartment building in Uptown Dallas. The all-cash transaction was completed in 60 days and closed Nov. 12, 2026, marking The Broe Group's entry into the Dallas multifamily market. JLL's Capital Markets Investment Sales and Advisory Team represented the seller.

Maple Terrace Residences Acquisition Details

Maple Terrace Residences, located at 3003 Maple Avenue, opened in August 2024 and earned CoStar's multifamily project of the year. It is part of a new mixed-use project rising above a 1925 Dallas landmark, connected by a 10,000-square-foot outdoor courtyard. The broader development also includes approximately 15,000 square feet of ground-floor retail. The transaction covered only the apartment portion of the project.

The seller was a venture led by Hines, Mitsui Fudosan America and McNair Interests. Before the sale, the owners refinanced the property in December 2025 with a $180.7 million loan from MFA Financial. Broe Real Estate Group paid all cash for the property, allowing it to close without acquisition financing.

Broe Real Estate Group Executives Comment

"Maple Terrace combines exceptional location and unparalleled luxury with quintessential Dallas living," said BREG Senior Vice President of Investments Milan Gutesha. "There's a reason that global financial institutions, world class corporations, and distinguished professionals all choose Uptown and Maple Terrace is the ideal entry to this exceptional submarket."

BREG Executive Vice President of Portfolio Management Brian Chen said the property fits the firm's multifamily strategy. "Maple Terrace is a tremendous addition to Broe's award-winning multifamily communities," Chen said. "Location, luxury, and quality guide our portfolio growth, and Maple Terrace Residences epitomize the exceptionally high luxury living standards that define our multifamily portfolio."

Uptown Dallas Location and Employment Base

The building provides access to the Katy Trail and Park Cities and is within walking distance of Uptown dining and entertainment. Maple Avenue has become one of the city's top culinary districts, with restaurants including Mamani, Catch Dallas, Nick & Sams, Élephante Dallas and Nuri.

Uptown Dallas has a high concentration of Class A office space and a 98% employment rate. Uptown's financial sector has grown 23% since 2020, and Uptown financial workers now make up a greater share of the city's workforce than in New York City. Major employers with Dallas offices include Bank of America, Bain & Company, Deloitte, Ernst & Young, Goldman Sachs, JP Morgan Chase, McKinsey & Company, Morgan Stanley, PwC and Texas Stock Exchange.

The tower is also less than a mile from planned or developing financial-sector campuses associated with Bank of America, Goldman Sachs and Morgan Stanley, including Morgan Stanley's planned $1.3 billion campus at 2401 McKinney Avenue.

Broe's Multifamily Portfolio Expansion

The purchase follows Broe's $148 million acquisition last month of 525 Olive, a 525-unit apartment property in San Diego that earned the 2023 multifamily project of the year designation. The two deals show the firm adding newer, luxury-oriented multifamily assets in major employment centers.

Founded in 1972 by industrialist Pat Broe, The Broe Group manages an $8 billion portfolio of multifamily, commercial, industrial and rail assets. The company already holds rail and real estate assets in Texas, but Maple Terrace Residences is its first multifamily acquisition in Dallas. Broe Real Estate Group acquires, develops and manages commercial real estate assets, including office and industrial properties, medical office buildings and multifamily communities across the country.

Sources

• The Broe Group's Billion-Dollar Multifamily Portfolio Expansion Continues with 22-floor Luxury Dallas Tower Acquisition (PR Newswire)