Dallas Partnership Purchases Fountains Of Jupiter Apartments Multifamily Property With Financing From Marcus & Millichap

The property involved in the transaction is the Fountains of Jupiter Apartments, which consists of 108 units located at 12993 Jupiter Road in Dallas, Texas. The asset is positioned within the multifamily sector of the real estate market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 108
• Address: 12993 Jupiter Road
• Market: Dallas
• Brokers: Al Silva & Ford Braly - Marcus & Millichap
• Mortgage Broker: Brandon Brown - Marcus & Millichap Capital Corporation

The sale was brokered by Marcus & Millichap, where a buyer was secured through 24 property tours and received nine offers. The Dallas-based partnership financing was achieved through a 7-year agency loan, which included a 3-year interest-only period, allowing for future interior upgrades and enhanced property management.