Marcus & Millichap Sells 288-Unit Multifamily Asset In Arlington, Texas

Marcus & Millichap has sold Brookside, a 288-unit multifamily asset located at 2505 Thomason Circle in Arlington, Texas. The property, built in the 1980s, demonstrated its resilience in the market. The marketing process for the sale was highly successful, attracting significant interest from potential buyers. It resulted in the signing of 340 confidentiality agreements, 23 property tours, and the receipt of 15 offers.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not specified
• Market: Arlington

In this transaction, the buyer was David Lilley, representing Reap Capital. The sale was facilitated by a team of brokers from Marcus & Millichap, including Bard Hoover, Chris Pearson, Nick Fluellen, and Wesley Racht.