Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Village Oaks Condominiums, a 53-unit apartment property located in Dallas, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Nick Fluellen, Bard Hoover and Joey Murry, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was also secured and represented by Fluellen, Hoover and Murry.

“Utilizing the Marcus & Millichap platform and our team’s marketing process, we were able to close with the first buyer in escrow amid the Covid-19 market disruption,” commented Murry, “We were able to highlight the property’s strong value-add opportunity, being in a highly desired neighborhood. We smoothly closed this transaction and were able to meet the goals of both parties despite market uncertainty”.

Village Oaks Condominiums is located at 9920 Forest Lane in Dallas, Texas. The 53-unit apartment property is situated on 3.51 acres of land.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.