Institutional Property Advisors Closes Multifamily Asset Sale in Dallas-Fort Worth Metro Area
January 15, 2026
FRISCO, Texas, Jan. 15, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Stonebrook Village, a 216-unit multifamily asset in Frisco, Texas.
“A land use restrictive agreement that made 100% of Stonebrook Village’s units affordable expired in December 2024 with no decontrol period,” said Drew Kile, IPA executive managing director. “In 2015-2017, about 70% of the units received a light renovation, and the asset is poised for further upgrades to bring the interiors and common areas in line with the area’s Class A properties.” Kile and IPA’s Joey Tumminello, Taylor Hill, Michael Ware, and William Hubbard represented the seller, Strata Capital, and procured the buyer, Paskin Group.
The property is 25 minutes from Downtown Dallas, within a short drive of Legacy West, The Star in Frisco, the Fields master-planned development, The Shops at Legacy, and CityLine in Richardson. PGA Frisco, the Ford Center at The Star stadium, and Toyota Stadium are nearby.
Built in 1994 on nearly 14 acres, Stonebrook Village is a two-story garden-style community with a swimming pool, clubhouse, basketball court, and playground. Apartments have dining areas, washer and dryer connections, walk-in closets, and dishwashers. The average unit size is 899 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.
“A land use restrictive agreement that made 100% of Stonebrook Village’s units affordable expired in December 2024 with no decontrol period,” said Drew Kile, IPA executive managing director. “In 2015-2017, about 70% of the units received a light renovation, and the asset is poised for further upgrades to bring the interiors and common areas in line with the area’s Class A properties.” Kile and IPA’s Joey Tumminello, Taylor Hill, Michael Ware, and William Hubbard represented the seller, Strata Capital, and procured the buyer, Paskin Group.
The property is 25 minutes from Downtown Dallas, within a short drive of Legacy West, The Star in Frisco, the Fields master-planned development, The Shops at Legacy, and CityLine in Richardson. PGA Frisco, the Ford Center at The Star stadium, and Toyota Stadium are nearby.
Built in 1994 on nearly 14 acres, Stonebrook Village is a two-story garden-style community with a swimming pool, clubhouse, basketball court, and playground. Apartments have dining areas, washer and dryer connections, walk-in closets, and dishwashers. The average unit size is 899 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.