M&M Arranges Sale of 185-Unit Apartment Building in Dallas

DALLAS — Marcus & Millichap has arranged the sale of Newport Landing Apartments, a 185-unit apartment property in Dallas. John Barker and Daniel Burton of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. Barker also secured the buyer, a private investor. Newport Landing Apartments is located in the Highland Meadows neighborhood of northeast Dallas. The property spans 185 units and 168,802 square feet, with an average unit size of 912 square feet. The complex includes 36 buildings constructed with wood siding and concrete slab foundations. On-site amenities include a swimming pool, 326 parking spots, controlled access gates, business center, clubhouse, courtyard and five laundry facilities. Unit amenities include fireplaces, walk-in closets, frost-free refrigerators and private balconies.