Hank Farrell Of RPM Living Investments Acquires Multifamily Asset From Sackman Enterprises In Dallas

The sale involves a multi-family asset located at 305 West Commerce Street in Dallas, featuring 308 units. Built in 2018, this four-story mixed-use property has an average unit size of 801 square feet. The asset offers loan assumption and luxury amenities, with proximity to Harold Simmons Park and major Dallas employers.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Units: 308
• Buyer: Hank Farrell - RPM Living Investments
• Seller: Sackman Enterprises
• Broker Team: Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware, Shelby Clark - Institutional Property Advisors

Institutional Property Advisors, a division of Marcus & Millichap, facilitated the transaction for the seller Sackman Enterprises, transferring ownership of the property to buyer RPM Living Investments.