REBusinessOnline

Marcus & Millichap Arranges Sale of Two Multifamily Assets Totaling 1,020 Units in DFW

DALLAS AND FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of two apartment communities totaling 1,020 units in the Dallas-Fort Worth area. The 536-unit Arborstone was built in 1985 and is located at 6500 S. Cockrell Hill Road in Dallas, and the 484-unit Meadow Ridge was built in 1981 and is located at 3001 W. Normandale St. in Fort Worth. Both properties will undergo multimillion-dollar renovations. Al Silva, Ford Braly and Mark McCoy of Marcus & Millichap represented the sellers in both transactions. An out-of-state investment firm purchased Arborstone and a Lubbock-based investment firm purchased Meadow Ridge.

 

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

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