The Multifamily Group Announces Sale of The Regency Apartments in Paris Texas

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The Regency
The Regency is located at 2526 Lamar Avenue in Paris, Texas.

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced the sale of The Regency in Paris, Texas.

Managing Director Yonnic Land represented the seller and procured the buyer. Land commented, “The Regency had an attractive long-term loan, which the new buyer assumed. TMG marketed the property for 30 days, brought multiple offers, and exceeded the seller’s expectations.”

The Regency
The Regency was built in 1985 and boasts 100 units across two stories. Floorplans feature 1-3 bedrooms with 1-2 bathrooms and range from 750 to 1,250 square feet. Community amenities include an on-site laundry facility, public yard spaces, plus a swimming pool with a sundeck and picnic table. Cats are welcome at this community.

The property sits just 3 miles from Paris Regional Medical Center, with Paris Junior College being 1 mile away. Additionally, residents are within walking distance of Wade Park, gas stations, and several national retailers. Paris has a historic downtown district that features local businesses and a historic fountain in the center of town. Community parks and family-friendly streets add to the charm of Paris.

The Multifamily Group is a commercial real estate brokerage firm focused exclusively on clients and helping them market, sell, and acquire multifamily assets. Based in Dallas, Texas, investors look to The Multifamily Group for one thing – results.