Marcus & Millichap Inc. has successfully closed the sale of Hart House, a 94-unit renovated multifamily asset in Dallas, Texas. The property, strategically located near major employment centers and the vibrant Bishop Arts District, was marketed by the Silva Braly Multifamily Team and sold to a local operator. Notably, the transaction included a Fannie Mae loan closure within 65 days of PSA signing. Hart House, with recent renovations and sustainable upgrades like solar panels, is positioned below market rates in a high-demand area, offering strong potential for increased net operating income.
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