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DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Fountains of Woodmeadow, a 241-unit apartment community in Dallas. Built in1985 on five acres, the property is located in the Lake Highlands area north of downtown. Amenities include a pool and an outdoor grilling area. Bard Hoover, Nick Fluellen, Will Balthrope, Drew Kile, Joey Tumminello and Giuseppe Thum of IPA represented the seller, a Dallas-based corporation, in the transaction. The IPA team also secured the buyer, a Los Angeles-based limited liability firm.