Sunday, June 8, 2008

Marcus & Millichap Lists Four-Property Multi-Family Portfolio in Texas

DALLAS, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for four multi-family properties totaling 750 units in Carrollton, Irving and Fort Worth, Texas.

Norman Eastwood, (top right photo) first vice president investments and a senior director of Marcus & Millichap’s National Multi Housing Group in Dallas, is representing the seller, a non-local investment group.

“This portfolio offers an excellent opportunity for an investor to acquire four stabilized multi-family properties with tremendous upside potential in outstanding locations,” says Eastwood.

The portfolio includes:

· Keller Oaks (photo at right)-- Located at 2121 Marsh Lane, Carrollton, the 185,016-square foot apartment community consists of 220 units situated on a 10.88-acre lot, near an abundance of major employment.

· Woodchase Condominiums — (middle right under Keller Oaks) Located at 4060 North Belt Line Road, Irving, the 58,322-square foot apartment community consists of 74 units situated on a 3-acre lot, within close proximity to the Dallas/Fort Worth International Airport.

· Claredon Apartments — (middle left photo) Located at 3800 North Belt Line Road, Irving, the 155,568-square foot apartment community consists of 192 units situated on an 8.03-acre lot, just south of the Dallas/Fort Worth International Airport.

· Sycamore Hill — (top left photo) Located at 4633 Sycamore School Road, Fort Worth, the 204,104-square foot apartment community consists of 264 units situated on a 10.38-acre lot, near several employment, entertainment, shopping and transportation options.

The properties boast such amenities as swimming pools, Jacuzzis, fitness centers, on-site laundry facilities, barbecue grills, ceiling fans, walk-in closets, dishwashers and microwaves.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716

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