The Petrous Group

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    Institutional Property Advisors of Marcus & Millichap brokered the sale of the 89-unit property, on behalf of a partnership based in Los Angeles.

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    A private investor picked up the 143-unit metro Dallas property, financing the acquisition with a $9 million Fannie Mae loan originated by Dougherty Mortgage.

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    HFF assisted with the sale and also worked on the new owner’s behalf to secure a $28.9 million Freddie Mac loan for the acquisition. TH Real Estate sold the garden-style asset.

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    The 68-unit community in Carrollton, Texas, has a mix of studio, one-, two- and three-bedroom units. The asset was recently renovated.

    31 October 2018 17:44