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MARCUS & MILLICHAP ARRANGES $52.95 MILLION MULTIFAMILY PORTFOLIO SALE

TULSA, OKLA. — Marcus & Millichap has arranged the sale of a four-property multifamily portfolio located in Tulsa for $52.95 million. The portfolio includes a 512-unit community located at 4414 S. Garnett Rd., a 440-unit community located at 7324 S. Wheeling Ave., a 384-unit community located at 2102 E. 51st St. and a 216-unit community located at 4404 S. 109th East Ave. Gregory Harris and Chadd Davis of Marcus & Millichap’s Encino, Calif., office, along with David Bohanon of the firm’s Oklahoma City office, represented the seller, Macco Properties, and the buyer, Redfern Family Trust. The buyer acquired the portfolio as part of a 1031 exchange at a price of approximately $34,140 per unit.

Content Partners
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