Marcus & Millichap Announces Sale of Five-Property 231-Unit Multifamily Portfolio in Texarkana Texas

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Texarkana Portfolio
The Gardens @ Wake Village are located at 523 Redwater Road and contains 54 units.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a five-property, 231-unit multifamily portfolio in Texarkana, Texas. The Texarkana Portfolio includes Isabella Acres, Hidden Brook Apartments, Pecan Haven, Park Villa Apartments, and Gardens at Wake Village.

Matt Aslan, a multifamily investment specialist in Marcus & Millichap’s Dallas office and leader of the Secondary Markets Team, exclusively listed and marketed the property on behalf of the seller, successfully closing with the first buyer in escrow. The escrow process went exceptionally smooth with the seller noting, “It was fantastic working with Matt Aslan. His professionalism and marketing expertise were crucial in getting us across the finish line.”

Texarkana Portfolio
The 231-unit Texarkana portfolio consists of three Class A build-to-rent communities and two Class C multifamily properties. The buyer capitalized on an attractive loan assumption with a 3.48% fixed rate and a remaining four-year term.
Texarkana Portfolio
Pecan Haven is located at 336 N Pecan Street in Nash and contains 56 units.
Texarkana Portfolio
Hidden Brook Apartments are located at 554 Co Road 1326 and contains 57 units.

Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.