Institutional Property Advisors Brokers Multifamily Sale in Suburban Dallas-Fort Worth
August 25, 2025
MANSFIELD, Texas, Aug. 25, 2025 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Mason + Mill, a 349-unit multifamily asset in Mansfield, Texas.
“Mansfield’s population growth of over 33% during the past 10 years has brought an influx of high-profile new developments and employers,” said Drew Kile, IPA executive managing director. “Completed in 2024, Mason + Mill is a stabilized asset just 25 minutes from Dallas, Fort Worth, and Dallas Fort Worth International Airport.” Kile and IPA’s Joey Tumminello, Taylor Hill, Michael Ware, and Shelby Clark represented the seller and procured the buyer, Millburn & Company, a private real estate investment firm based in Salt Lake City, Utah.
The property is near the intersection of Highway 360 and U.S. Route 287, adjacent to the currently under construction Reserve Mansfield, a 200-acre mixed-use district. Nearby employers include Mouser Electronics, Texas Health Hospital Mansfield, Methodist Mansfield Medical Center, and Klein Tools.
Mason + Mill is a three- and four-story property with a resort-style swimming pool, outdoor lounge and recreational courtyard, pet park, and private work suites. Apartments have nine- and 10-foot ceilings, smart home technology, and front-loading washers and dryers. The average unit size is 883 square feet.
“IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin and San Antonio,” said Will Balthrope, IPA executive managing director.
“Mansfield’s population growth of over 33% during the past 10 years has brought an influx of high-profile new developments and employers,” said Drew Kile, IPA executive managing director. “Completed in 2024, Mason + Mill is a stabilized asset just 25 minutes from Dallas, Fort Worth, and Dallas Fort Worth International Airport.” Kile and IPA’s Joey Tumminello, Taylor Hill, Michael Ware, and Shelby Clark represented the seller and procured the buyer, Millburn & Company, a private real estate investment firm based in Salt Lake City, Utah.
The property is near the intersection of Highway 360 and U.S. Route 287, adjacent to the currently under construction Reserve Mansfield, a 200-acre mixed-use district. Nearby employers include Mouser Electronics, Texas Health Hospital Mansfield, Methodist Mansfield Medical Center, and Klein Tools.
Mason + Mill is a three- and four-story property with a resort-style swimming pool, outdoor lounge and recreational courtyard, pet park, and private work suites. Apartments have nine- and 10-foot ceilings, smart home technology, and front-loading washers and dryers. The average unit size is 883 square feet.
“IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin and San Antonio,” said Will Balthrope, IPA executive managing director.
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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.