M&M Negotiates Sale of 105-Unit Multifamily Property in Richardson

by Haisten Willis

RICHARDSON, TEXAS — Marcus & Millichap has negotiated the sale of Lakefront Villas, a 105-unit apartment property located in Richardson. Al Silva and Ford Braly of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Silva and Braly also secured the buyer, a local partnership. The Dallas-based buyer utilized a 1031 tax-deferred exchange. Lakefront Villas is located at 900 W. Spring Valley Road.

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