DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Sylvan Thirty, a 201-unit apartment complex located just west of downtown Dallas. Built in 2015, Sylvan Thirty offers one-, two- and three-bedroom units and amenities such as a pool, rooftop terrace, game room, business center, fitness center and outdoor grilling and dining stations. Joey Tumminello, Taylor Hill, Michael Ware, Drew Kile and Shelby Vosburg of IPA represented the undisclosed seller in the transaction and procured the buyer, California-based Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Jake Vitta, also with IPA, arranged an undisclosed amount of acquisition financing for the deal through BrightSpire Capital.
The average unit size at Sylvan Thirty Apartments in Dallas is 856 square feet.
IPA Negotiates Sale of 201-Unit Apartment Complex Near Downtown Dallas
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