Marcus & Millichap Negotiates Sale of 185-Unit Apartment Community in Dallas
DALLAS — Marcus & Millichap has negotiated the sale of Newport Landing, a 185-unit multifamily community located in the Lake Highlands neighborhood of Dallas. Built in 1971, the property offers a pool, fitness center, playground, business center and a basketball court. Al Silva and Ford Braly of Marcus & Millichap represented the seller, an international private investor, in the sale. The duo also procured the Dallas-based buyer, which acquired the property via a 1031 exchange.