Institutional Property Advisors has facilitated the sale of The Destino, a 192-unit garden-style community in Grand Prairie, Texas. The company represented the seller and procured the buyer. MBP Capital was the seller, according to Yardi Matrix.
The IPA team included Senior Managing Director Drew Kile, Executive Managing Director Will Balthrope, Director Joey Tumminello, Associates Grant Raymond and Asher Hall. Al Silva, senior managing director with Marcus & Millichap, also worked with the seller. Earlier this month, Balthrope was also involved in the sale of Springs at University Drive, another garden-style community in Texas. Capital Vision Management LLC represented the buyer.