Institutional Property Advisors Brokers Multifamily Asset Sale in Uptown Dallas
March 30, 2026
DALLAS, March 30, 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 Ardan West Village, a 389-unit multifamily property in Dallas, Texas.
“The sale of Ardan West Village highlights the resilience and continued investor appetite for institutional-quality multifamily in walkable, urban infill locations,” said Joey Tumminello IPA senior managing director investments. “West Village remains one of the most sought-after neighborhoods in Dallas, and we believe this transaction reflects both the strength of the asset and the broader fundamentals driving the market.” Tumminello, Drew Kile, Michael Ware, Taylor Hill, and Cameron Purse of IPA represented the seller, Mill Creek Residential on behalf of its institutional clients, and procured the buyer, Knightvest.
The property is located at 2975 Blackburn Street in the West Village shopping and dining district. Nearby employment centers include the Dallas central business district, Dallas Uptown, and the Knox District corridor. The Cityplace/Uptown Dallas Area Rapid Transit station and the Katy Trail are adjacent to the property.
Ardan West Village has a unit mix of one- and two-bedroom floor plans that average 939 square feet. Apartments have quartz countertops, stainless-steel appliances, hardwood-style flooring, and private balconies with views of the Dallas skyline. Community amenities include a resort-style pool deck, wellness spa, coworking lounge, and a controlled-access parking garage.
“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 director.
“The sale of Ardan West Village highlights the resilience and continued investor appetite for institutional-quality multifamily in walkable, urban infill locations,” said Joey Tumminello IPA senior managing director investments. “West Village remains one of the most sought-after neighborhoods in Dallas, and we believe this transaction reflects both the strength of the asset and the broader fundamentals driving the market.” Tumminello, Drew Kile, Michael Ware, Taylor Hill, and Cameron Purse of IPA represented the seller, Mill Creek Residential on behalf of its institutional clients, and procured the buyer, Knightvest.
The property is located at 2975 Blackburn Street in the West Village shopping and dining district. Nearby employment centers include the Dallas central business district, Dallas Uptown, and the Knox District corridor. The Cityplace/Uptown Dallas Area Rapid Transit station and the Katy Trail are adjacent to the property.
Ardan West Village has a unit mix of one- and two-bedroom floor plans that average 939 square feet. Apartments have quartz countertops, stainless-steel appliances, hardwood-style flooring, and private balconies with views of the Dallas skyline. Community amenities include a resort-style pool deck, wellness spa, coworking lounge, and a controlled-access parking garage.
“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 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.