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LRC Commercial Acquires 132-Unit Multifamily Property in Portland, Texas

PORTLAND, TEXAS — LRC Commercial, an owner-operator primarily focused on secondary and tertiaruy markets in the Midwest, has acquired Westcliffe-Royal Palms, a 132-unit multifamily property in Portland, located in South Texas outside Corpus Christi. The Waller Group represented LRC Commercial and the undisclosed seller in the transaction. Chris Litzler of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal. LRC Commercial will rebrand the property as LUX Off Moore.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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