Thursday, January 26, 2017

Marcus & Millichap Arranges Sale of 248-Unit Multifamily Community in Dallas

Located in Dallas, Villas Del Lago Apartments features 248 multifamily units.
DALLAS — Marcus & Millichap has brokered the sale of Villas Del Lago Apartments, an apartment community located at 2911 Clydedale Drive in Dallas’ Bachman Lake neighborhood. 
Overmore LLC acquired the 248-unit property in a 1031 exchange transaction. Constructed in 1974 and renovated in 2015, the property was 98 percent occupied at the time of sale.
 Mark Allen and Sevak Keshishian of Marcus & Millichap represented the seller, a Dallas-based syndication group led by Jean-Marc Landau, and procured the buyer in the deal.
 Tim Speck of Marcus & Millichap was the firm’s broker of record in Texas.
See Full Article Here

Source; ReBusiness