Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by Vickery Development for the sale of Live Oak and King Manor, two multifamily properties located in Stamford and Ranger, TX.

Greysteel Managing Director, Boyan Radic; Senior Director, Doug Banerjee; and Investment Associates, Andrew Mueller, Ryan Hill, and Andrew Hanson; of the Company’s Dallas and Fort Worth offices, are marketing the property.

Live Oak, located at 900 South Orient Street in Stamford, TX, was constructed in 1986 and totals five buildings with 40 units. Property amenities include laundry facilities, an on-site management office, and playground. King Manor, situated at 107 Blundell Street in Ranger, TX, totals three buildings containing 30 units.

Live Oak

King Manor

Both properties have recently completed a significant renovation program, including both interior and exterior improvements. Enhancements in select units include new wood-look flooring, upgraded cabinetry, white appliances, and two-tone paint. The buildings have also received full exterior remodels with new paint and stucco siding, wood trim, and new signage.

“These two assets are both in terrific condition, making the offering an ideal turn-key acquisition opportunity,” said Mr. Hill. “Despite their location in smaller towns outside of the major Metroplex, these properties operate with solid positive cash flows, and new ownership will be rewarded with significant cash-on-cash returns with minimal effort,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com