Institutional Property Advisors Closes Sale and Arranges Financing for Dallas Multifamily Asset
May 15, 2026
DALLAS, May 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 and financing of Sylvan Thirty, a 201-unit, LEED-certified apartment asset in Dallas, Texas.
“Completed in 2015 as West Dallas's first mixed-use development, the property capitalizes on direct access to downtown’s 135,000-plus jobs, diverse, high-profile employers, and over 140 office buildings,” said Joey Tumminello, IPA senior managing director investments. “Additionally, residents benefit from 14 shops and dining options on the ground level that were not a part of the sale.” Tumminello, Taylor Hill, Michael Ware, Drew Kile, and Shelby Vosburg of IPA represented the seller, and procured the buyer, Beverly Hills, California-based, Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger, and Jake Vitta of IPA Capital Markets arranged acquisition financing from a lender subsidiary of BrightSpire Capital. “Debt capital markets remain robust for strong sponsors and high-quality multifamily assets,” said Krieger. “Dallas continues to be one of the most sought-after markets in the country, and well-structured deals with experienced operators are getting done at competitive terms.”
The property is one mile from Downtown Dallas, close to Interstate 30, between the Trinity Groves retail and dining development and the Bishop Arts District. Residents can easily access the Dallas central business district, the Southwestern Medical District, and Dallas Fort Worth International Airport. Employers such as the Methodist Dallas Medical Center and Henley-Johnston & Associates Inc. are nearby and the University of North Texas at Dallas is within proximity.
Sylvan Thirty provides residents with a gated parking garage, a swimming pool, sundeck, fitness center, a private party lounge. Apartments have central air conditioning, stone countertops, and stainless-steel appliances. Select units have pantries, a patio or balcony, and stained concrete flooring. The average unit size is 856 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 director.
“Completed in 2015 as West Dallas's first mixed-use development, the property capitalizes on direct access to downtown’s 135,000-plus jobs, diverse, high-profile employers, and over 140 office buildings,” said Joey Tumminello, IPA senior managing director investments. “Additionally, residents benefit from 14 shops and dining options on the ground level that were not a part of the sale.” Tumminello, Taylor Hill, Michael Ware, Drew Kile, and Shelby Vosburg of IPA represented the seller, and procured the buyer, Beverly Hills, California-based, Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger, and Jake Vitta of IPA Capital Markets arranged acquisition financing from a lender subsidiary of BrightSpire Capital. “Debt capital markets remain robust for strong sponsors and high-quality multifamily assets,” said Krieger. “Dallas continues to be one of the most sought-after markets in the country, and well-structured deals with experienced operators are getting done at competitive terms.”
The property is one mile from Downtown Dallas, close to Interstate 30, between the Trinity Groves retail and dining development and the Bishop Arts District. Residents can easily access the Dallas central business district, the Southwestern Medical District, and Dallas Fort Worth International Airport. Employers such as the Methodist Dallas Medical Center and Henley-Johnston & Associates Inc. are nearby and the University of North Texas at Dallas is within proximity.
Sylvan Thirty provides residents with a gated parking garage, a swimming pool, sundeck, fitness center, a private party lounge. Apartments have central air conditioning, stone countertops, and stainless-steel appliances. Select units have pantries, a patio or balcony, and stained concrete flooring. The average unit size is 856 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 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.