Marcus & Millichap closed the sale of a six-property, 231-unit multifamily portfolio in Texarkana, Texas.
Matt Aslan, a multifamily investment specialist in Marcus & Millichap’s Dallas office and leader of the Secondary Markets Team, exclusively listed and marketed the property on behalf of the seller, successfully closing with the first buyer in escrow.
The Texarkana Portfolio includes Isabella Acres, Hidden Brook, Pecan Haven, Park Villa, and Gardens at Wake Village. The 231-unit portfolio consists of three Class A build-to-rent communities and two Class C multifamily properties. The buyer capitalized on an attractive loan assumption with a 3.48% fixed rate and a remaining four-year term.
