 |
| Will Balthrope |
DALLAS, TX –
Institutional Property
Advisors (IPA), a division of Marcus & Millichap serving the needs of
institutional and major private real estate investors, has retained the
exclusive listing to market for sale the Variant Portfolio, a 19-property,
6,681-unit, 5 million-square-foot multifamily portfolio in Texas. Fifteen of the
properties are located in Houston and four are in Dallas. The price is to be
determined by the market.
IPA executive director Will Balthrope and
Marcus & Millichap senior vice presidents investments Norman Eastwood and
Charles “Chico” LeClaire are representing the seller, Southern California-based
Variant Commercial Real Estate.
 |
| Norman Eastwood |
“The Variant Portfolio
provides investors with a large-scale opportunity to acquire a number of true
‘value-add’ assets in the strong Dallas and Houston markets,” says Balthrope.
“The portfolio is a unique opportunity
for a high-yield-oriented investor/operator to create value by repositioning
these assets through interior and exterior renovations,” adds
Eastwood.
The properties are:
·
Broadmoor, 235
units, Houston
·
Cranbrook
Forest, 261 units, Houston
·
Crystal
Springs, 191 units, Houston
·
Las Palmas,
145 units, Houston
·
Maxey Village,
409 units, Houston
·
Oaks of
Brittany, 223 units, Houston
·
Park Texas,
588 units, Houston
·
Pine Forest,
161 units, Houston
·
Pines of
Westbury, 940 units, Houston
·
Royal Oaks,
434 units, Houston
·
Sandpiper, 286
units, Houston
·
Vista Arbor
Square, 320 units, Houston
·
Chesapeake,
127 units, Dallas
·
Mesa Ridge,
220 units, Dallas
·
Preston
Valley, 310 units, Dallas
 |
| Charles 'Chico' LeClaire |
·
Sandridge, 504
units, Pasadena
·
The Pointe,
517 units, Pasadena
·
Ashton Oaks,
520 units, Clute
·
Holly Ridge,
290 units, Arlington
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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