Appraisal Cuts S2 Capital’s 720-Unit The Kace in Grand Prairie to $82.9MM, Down 47% From 2022

A fresh appraisal pegs S2 Capital's 720-unit The Kace apartment community in Grand Prairie at $82.9 million, roughly $72.5 million below its 2022 valuation and about $9.3 million short of the $92.2 million Freddie Mac floating-rate loan that now sits in special servicing with foreclosure listed as the workout strategy.