Institutional Property Advisors Closes Multifamily Asset Sale in Dallas-Fort Worth Metroplex
June 17, 2026
DALLAS, June 16, 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 The Mark at Midlothian, a 236-unit multifamily asset in Midlothian, Texas.
“Acquired with a below-market loan assumption, the property is a stabilized investment poised to provide the buyer with meaningful cash flow and upside in one of Dallas-Fort Worth’s most dynamic and expanding submarkets,” said Michael Ware, IPA senior managing director investments. “Since 2020, Midlothian has experienced population growth of nearly 20%. Median annual household income is over $108,000 and the average price of a single-family home is more than $450,000.” Ware, Joey Tumminello, Drew Kile, Taylor Hill, and Jack Windham of IPA represented the seller and procured the buyer.
The property is just off U.S. Route 287, less than a mile from Downtown Midlothian. The city’s economic base features manufacturing, industrial, and healthcare employers. Major companies in the area include Google, Gerdau, Methodist Medical Center, Target, and SunOpta.
Completed in 2020, The Mark at Midlothian is a three-story, garden-style property with a resort-style swimming pool, clubhouse, community lounge, courtyard, walking trail, and detached garages. Apartments have nine-foot ceilings, built-in home office space, Italian-tile bathrooms, and under-cabinet lighting. The average unit size is 881 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.
“Acquired with a below-market loan assumption, the property is a stabilized investment poised to provide the buyer with meaningful cash flow and upside in one of Dallas-Fort Worth’s most dynamic and expanding submarkets,” said Michael Ware, IPA senior managing director investments. “Since 2020, Midlothian has experienced population growth of nearly 20%. Median annual household income is over $108,000 and the average price of a single-family home is more than $450,000.” Ware, Joey Tumminello, Drew Kile, Taylor Hill, and Jack Windham of IPA represented the seller and procured the buyer.
The property is just off U.S. Route 287, less than a mile from Downtown Midlothian. The city’s economic base features manufacturing, industrial, and healthcare employers. Major companies in the area include Google, Gerdau, Methodist Medical Center, Target, and SunOpta.
Completed in 2020, The Mark at Midlothian is a three-story, garden-style property with a resort-style swimming pool, clubhouse, community lounge, courtyard, walking trail, and detached garages. Apartments have nine-foot ceilings, built-in home office space, Italian-tile bathrooms, and under-cabinet lighting. The average unit size is 881 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.