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MIDLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of a portfolio of four multifamily properties totaling 277 units in the West Texas city of Midland. The properties, which are collectively known as the Midland Value-Add Portfolio, include Brighton Court, Delmar Villas, Enclave and Signature Place. All four properties were built in the early 1980s. Will Balthrope and Drew Garza of IPA, in association with Tommy Lovell III and Richard Robson of Marcus & Millichap, represented the seller and procured the buyer, both of which requested anonymity, in the transaction.