Churchill Forge Acquires 352-Unit Multifamily Property In Midland, Texas

The Clusters, a 352-unit multifamily property located at 4415 Northcrest Drive in Midland, Texas, has been sold. The property is situated in Midland, a market known for its thriving economy in the Permian Basin. The presence of high-income jobs and an educated workforce, with an average household income exceeding $114,000, makes this property an attractive investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 352
• Market: Midland

The buyer of The Clusters is Churchill Forge, while the sale was facilitated by Drew Garza, Will Balthrope, Richard Robson, and Tommy Lovell III, representing Institutional Property Advisors, a division of Marcus & Millichap.

NOTE: Institutional Property Advisors, a division of Marcus & Millichap, played a role in the sale of The Clusters. The property's location in Midland, with its thriving economy and well-educated workforce, makes it an attractive investment opportunity.