ARA BROKERS MULTIFAMILY SALE
IRVING, TEXAS — Atlanta-based Apartment Realty Advisors (ARA) has brokered the sale of Montego Bay Apartments, a 61-unit multifamily community located in Irving. The community is situated on 2.3 acres, and was fully occupied at the time of closing. Average rents for the community are $559 per month. Brian O’Boyle, Sr.; Brian O’Boyle, Jr.; Chris Epp; Jordan Cortez; and Brian Murphy of ARA’s Dallas office negotiated the transaction on behalf of the seller, Texas-based Montego Management II. The property was acquired by an undisclosed, Denver-based investor.