120-UNIT APARTMENT COMPLEX SELLS IN GULF COAST REGION

VICTORIA, TEXAS — Marcus & Millichap has announced the sale of Point Royale Apartment Homes, a 120-unit apartment complex in Victoria. Terms of the sale were not released. Joe James, Kent Myers and J. Patrick Burke, senior associates in Marcus & Millichap’s Austin office, represented the seller, developer and buyer, a limited liability company. Built in 2012, the complex is located at 4106 North John Stockbauer Drive in Victoria, approximately 30 miles from the Gulf of Mexico. The apartments are near the Citizens Medical Center, the Caterpillar Hydraulic Excavator plant, Victoria College and the University of Houston-Victoria. Apartments at Point Royale feature one-, two- and three-bedroom floor plans. Amenities include gated entry, covered parking, a swimming pool, fitness center, clubhouse and business center.