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Multifamily Assets Have Long-Term Returns

In the first two months of this year, 12 multifamily transactions totaling 3,699 units were completed in Dallas, Houston, Halthom City and San Antonio.

Hidden Lakes Apartments The properties sold included Hidden Lakes Apartment Homes in Haltom City, TX.

DALLAS–In the first two months of this year, 12 multifamily transactions totaling 3,699 units were completed in Dallas, Houston, Halthom City and San Antonio. The cumulative sales price was $317 million.

These transactions were closed by Institutional Property Advisors/IPA, a division of Marcus & Millichap. IPA Texas executive director Will Balthrope and senior director Drew Kile worked the deal with assistance from team members Joey Tumminello in Dallas/Fort Worth, Jordan Featherston in Austin/San Antonio and Jennifer Campbell in Houston.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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