Institutional Property Advisors, a division of Marcus & Millichap, completed 12 multifamily transactions in Texas totaling 3,699 units for a total of $317M in the first two months of 2018.
The properties sold by IPA Texas were:
Cantera Creek at Lake Highlands, 472 units, Dallas
Castle Rock Apartments, 160 units, Dallas
The Vive at Lake Highlands, 248 units, Dallas
The Lantern at Lake Highlands, 340 units, Dallas
Churchill on the Park, 448 units, Dallas
The Broadmoor, 235 units, Houston
The Ranch at Fossil Creek, 274 units, Haltom City
Hidden Lakes Apartment Homes, 312 units, Haltom City
Diamond Ridge, 304 units, San Antonio
Parkvista Apartments, 477 units, San Antonio
Pearl Park Apartments, 188 units, San Antonio
Somerset Apartments, 241 units, San Antonio
“We continue to see strong bidding from buyers on all types of assets from value-add to brand-new construction,” IPA Senior Director Drew Kile said. “These first-quarter transactions were closed with buyers from throughout the investment spectrum, ranging from major institutions to individual private buyers. Investors continue to be drawn to Texas by our state’s significant job and population growth.”
The transactions were closed by IPA Texas Executive Director Will Balthrope and Senior Director Drew Kile, with assistance from team members Joey Tumminello in Dallas-Fort Worth, Jordan Featherston in Austin/San Antonio and Jennifer Campbell in Houston.
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