ARA BROKERS SALE OF 948-UNIT APARTMENT COMMUNITY IN GARLAND

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GARLAND, TEXAS — Atlanta-based ARA has brokered the sale of Advenir at Town Centre, a 948-unit multifamily property in Garland, a suburb northeast of Dallas. The Class B asset, located at 2804 Belt Line Road, was 94 percent occupied at the time of sale. Features include nine swimming pools, a lighted tennis court and proximity to the major thoroughfares of U.S. Highway 75, the Bush Turnpike and Interstate 635. Brian O’Boyle Sr., Brian Murphy and Brian O’Boyle Jr. of ARA represented the seller, Florida-based Advenir, in the transaction. Private investment firm Omninet Capital LLC acquired the complex and plans to invest an additional $200 million in Texas properties in the coming year.

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