Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Cantera, a 172-unit apartment community in Carrollton, Texas.
“Carrollton has always been an extremely coveted market for multifamily owners. Even in a down market, the amount of interest throughout the marketing process once again showed high demand for this submarket in DFW with over 170 signed confidentially agreements, 12 property tours, and 12 competitive offers,” says Wesley Racht, first vice president investments. “We closed with the first buyer in escrow what was almost a perfect sales process from the start to the finish.”
Racht, Joey Murry, Nick Fluellen and Bard Hoover, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller and procured the buyer, Cantera CRG, LLC.
“We are extremely pleased with the strategic marketing process and expert transaction management provided by Wes Racht and the Marcus & Millichap team,” said the seller, Touro Company and Catalyst Equity Partners. “Their professionalism and attention to detail ensured a smooth and timely closing, exceeding our expectations at every step.”
“We are thrilled to have facilitated the acquisition of Cantera Apartments on behalf of our client. This property represents a valuable investment opportunity, and we’re confident that it will continue to thrive under the new ownership. We look forward to seeing the positive impact this change will bring to the residents and the community,” said Alex Clark, buyer’s broker.
Cantera offers 172 units across 12 buildings on a 6.2-acre parcel. Built in 1969, the community includes a mix of one- and two-bedroom units with amenities such as a resort-style swimming pool, on-site laundry, reserved covered parking, and private patios or balconies. The property is centrally located near major highways, including Interstate 35 and the President George Bush Turnpike, and is near key employers and institutions, such as Valwood Industrial Park and Brookhaven College.
Marcus & Millichap, Inc. (
