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| Pace's Cove Apartment Home |
DALLAS, TX –Institutional Property Advisors (IPA), a recently formed multifamily brokerage
division of Marcus & Millichap serving the needs of institutional and major
private investors, has brokered the sale of a two-property apartment portfolio in Dallas.
The properties are Pace’s Cove Apartment Homes, a
328-unit 219,726-square foot multifamily complex and Brookfield Apartment
Homes, a 232-unit 165,672-square foot complex. The terms of the sale were
not disclosed.
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| Will Balthrope |
Pace’s Cove Apartment Homes
is located at 13100 Pandora Drive in northeast Dallas. Located just
north of Interstate 20 at 4060 Preferred Road in Dallas, Brookfield Apartment
Homes is one-half mile west of U.S. Highway 67.
Will Balthrope, an IPA
executive director, and Drew Kile, an IPA associate director,
represented the seller, Landmark Residential. Balthrope and Kile also secured
the buyer, Peak Capital Partners.
“Dallas
is one of cities leading the nation in economic recovery and job growth,” says
Balthrope. “Dallas/Fort Worth’s robust economy is generating new households,
creating the tightest apartment conditions in more than a decade and
facilitating healthy rent growth.”
For a complete copy of the company’s news release, please
contact:
: Stacey Corso
Public Relations Manager
(925) 953-1716
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