MARCUS & MILLICHAP COMPLETES TWO APARTMENT SALES TOTALING 632 UNITS

HOUSTON AND FORT WORTH, TEXAS — Marcus & Millichap has completed two multifamily sales totaling 632 units. The first property is Chaparral Villas, a 376-unit community located at 5710 Glenmont Dr. in Houston. The property was built in 1970 and contains a mix of efficiency, one- and two-bedroom units. Will Balthrope, Jeffrey Fript and David Ching, all of Marcus & Millichap, represented the seller, a financial institution. Robert Su of Marcus & Millichap's Houston office represented the buyer, a limited liability company. The second property is The Falls, a 256-unit community located at 9001 S. Normandale St. in Fort Worth. Samuel Herskovits of Marcus & Millichap's Dallas office represented the undisclosed buyer. The seller was also not released.