Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tucasa Townhomes and Villa Capri, two multifamily assets totaling 170 units in Dallas-Fort Worth, Texas.
Al Silva, senior managing director investments, Ford Braly, first vice president investments, and Dylan York, associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the properties on behalf of the sellers, two long-time private owners. The buyers, two separate, out-of-state partnerships, were secured by Silva, Braly, and York.
“Both acquisitions were financed with fixed-rate agency debt and attracted multiple offers during four- and five-week marketing periods. They closed at the original contract price and terms,” said Silva.
Tucasa Townhomes is a 128-unit, individually metered property located near the junction of highways 114 and 183 in Irving, 10 miles northwest of Downtown Dallas. The location gives residents a short commute to area schools, retail and employment, and is approximately 10 miles from Dallas-Fort Worth International Airport. Villa Capri is a 42-unit apartment complex located in Fort Worth with frontage on Jacksboro Highway. The property is an eight-minute drive from Downtown Fort Worth, close to Fort Worth Stockyards and the area’s major employers and retail centers.
Since the beginning of 2022, the Fort Worth-based Silva Braly Multifamily Team of Marcus & Millichap has completed the successful marketing and sale of over 30 apartment properties in the Dallas-Fort Worth area totaling more than 6,300 units and $790 million in transaction volume.