Sunday, September 28, 2014

292-Unit Apartment Complex Sold by Marcus & Millichap in Fort Worth, TX


The Brentwood Apartments, Fort Worth, TX
FORT WORTH, TX – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of The Brentwood, a 292-unit apartment complex located in Fort Worth, Texas. The terms of the sale were not released

Al Silva, a senior director of Marcus & Millichap’s National Multi Housing Group in  Fort Worth, had the exclusive listing to market the property on behalf of the seller, a Texas LLC.  The buyer, a Texas-based private investor, was also secured by Silva. 

“We conducted 25 property tours and received 12 offers from well-qualified investors during a three-week marketing process,” says Silva.  “The transaction closed just 45 days after an agreement was reached between buyer and seller.  The buyer assumed an existing Fannie Mae loan to complete the transaction.”

Al Silva
The Brentwood is located at 8300 Brentwood Stair Road in Fort Worth, 10 minutes east of downtown Fort Worth along Eastchase Parkway and just south of Interstate 30.

 The property is situated in a healthy commercial area with major shopping centers and national retailers within walking distance. The location is also just minutes from Dallas Cowboys Stadium and the Dallas/Fort Worth International Airport.

Built in 1984, The Brentwood underwent $2 million in renovations, including both interior and exterior upgrades, between 2011 and 2013. At the time of the sale, the property was in excellent condition and the new owner will continue the unit improvement program.


For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager
Marcus & Millichap
(925) 953-1716

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