Institutional Property Advisors Leads Multifamily Brokerage Sales in Dallas-Fort Worth
September 15, 2023
DALLAS, Sept. 14, 2023 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has closed 15 multifamily asset sales valued at $860 million with $1.6 billion currently under contract or in escrow in Dallas-Fort Worth (DFW) to date in 2023.
“The deep conviction institutional and major private investors have for multifamily properties in Texas and in DFW specifically, is keeping the market very active,” said Drew Kile, IPA executive managing director. “Transactions are being completed, IPA is helping investors secure the best possible outcomes through what has been a choppy last 12 months.”
So far this year in DFW, IPA’s Texas-based multifamily team , led by IPA executive director Will Balthrope and Kile, closed 15 transactions, has 17 transactions in escrow, and 10 properties coming to market. “While bid lists are materially stronger than last fall, market volatility has made buyers even more diligent and selective on assets they pursue aggressively,” said Joey Tumminello, IPA senior managing director.
Read the full story in Yahoo Finance
“The deep conviction institutional and major private investors have for multifamily properties in Texas and in DFW specifically, is keeping the market very active,” said Drew Kile, IPA executive managing director. “Transactions are being completed, IPA is helping investors secure the best possible outcomes through what has been a choppy last 12 months.”
So far this year in DFW, IPA’s Texas-based multifamily team , led by IPA executive director Will Balthrope and Kile, closed 15 transactions, has 17 transactions in escrow, and 10 properties coming to market. “While bid lists are materially stronger than last fall, market volatility has made buyers even more diligent and selective on assets they pursue aggressively,” said Joey Tumminello, IPA senior managing director.
Read the full story in Yahoo Finance
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.