Marcus & Millichap Successfully Closes Sale of 94-Unit Renovated Multifamily Asset in Dallas

Reuters
15 Jul
Marcus & Millichap Successfully Closes Sale of 94-Unit Renovated Multifamily Asset in Dallas

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on July 14, 2025, and is solely responsible for the information contained therein.

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