Institutional Property Advisors Facilitates Sale Of 211-Unit Luxury Apartment Property In Mansfield, TX

The Audrey, a 211-unit luxury apartment property located at 3361 Harmon Road in Mansfield, Texas, has been sold. The property, which was completed in 2021, attracted significant interest from buyers seeking upscale multifamily assets in central Metroplex locations. The transaction was facilitated by Carleton Companies and M.R. Development, who sold the property to RPM and a fund managed by Roseview Investment Advisors.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not mentioned
• Units: 211
• Buyer: Carleton Companies - Printice Gary; M.R. Development - Bob McCaslin Jr.
• Seller: RPM & Roseview Investment Advisors
• Brokers: Drew Kile, Jeffrey Kindorf, Joey Tumminello, Michael Ware, Taylor Hill & Will Balthrope - Institutional Property Advisors - Marcus & Millichap

The sale of The Audrey marks a successful transaction in the Mansfield market. The collaboration between Carleton Companies, M.R. Development, RPM, and Roseview Investment Advisors demonstrates the strong demand for luxury multifamily assets in the region. The involvement of Drew Kile, Jeffrey Kindorf, Joey Tumminello, Michael Ware, Taylor Hill, and Will Balthrope from Institutional Property Advisors - Marcus & Millichap highlights their expertise in facilitating such deals.