RREAF Holdings Acquires Property From Uhr Real Estate Inc Represented By Kent Myers Of Marcus & Millichap

The property asset involved in this transaction is a 216-unit apartment complex located at 2400 Fm2165, Rockport, TX 78382. The average size of the units is 906 square feet, and they are equipped with amenities such as patios/balconies, walk-in closets, and full-size washers and dryers. The complex features common amenities including a pool, open green space, and a dog park. The transaction is situated within the Rockport market.

Summary of transaction details:

• Property Type: Apartment complex
• Transaction Amount: Not disclosed
• Address: 2400 Fm2165, Rockport, TX 78382
• Market: Rockport
• Seller: Uhr Real Estate Inc
• Buyer: RREAF Holdings
• Seller's Representative: Kent Myers (Marcus & Millichap)
• Buyer's Representative: Kent Myers (Marcus & Millichap), Nico Bianchi (Marcus & Millichap)

In this transaction, Kent Myers and Nico Bianchi of Marcus & Millichap represented Uhr Real Estate Inc., the seller, and procured the buyer, RREAF Holdings, based in Dallas. The seller is a partnership that includes Rockport-based Uhr Real Estate Inc. and Frew Development Group from Iowa.