Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
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.