Marcus & Millichap announced the sale of Ridgemont, a 59-unit apartment property located in Fort Worth, Texas.
Associate Jonathan Ochstein, Vice President Investments Matt Aslan, Senior Managing Director Investments Nick Fluellen, Senior Managing Director Investments Bard Hoover and Senior Associate Wesley Racht at Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Mr. Ochstein, Mr. Aslan, Mr. Fluellen, Mr. Hoover and Mr. Racht.
“There was tremendous visibility on the marketing of Ridgemont with 14 tours, nearly 200 executed confidentiality agreements and over 10 offers,” said Ochstein. “We had the opportunity to close with the first buyer in escrow who was also a first time DFW multifamily buyer.”
Ridgemont is located at 2409 Ridgmar Plaza in Fort Worth, Texas.