The Carter is a multifamily asset comprising 276 units located at 2149 Anderson Gibson Road in Grapevine, Texas. The transaction involved Rockport Equity acquiring the property from Integrated Real Estate Group. The asset is positioned favorably due to Grapevine’s limited multifamily supply, along with its proximity to retail and employment centers and nearby parks.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Units: 276
• Address: 2149 Anderson Gibson Road
• Market: Grapevine
• Buyer: Keith Guerraz - Rockport Equity
• Seller: Rick Simmons - Integrated Real Estate Group
• Brokers: Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware & Shelby Clark - Institutional Property Advisors

Institutional Property Advisors, representing the seller, facilitated the sale of The Carter, with a team that played a crucial role in the transaction process. Their market expertise contributed to the successful positioning of the asset within the competitive Grapevine market.