Jeff T. Blau Of Related Companies Sells Four-Asset Multifamily Portfolio In Midland Texas

The transaction involved a four-asset portfolio located at 509 Delmar Street, 3500 Boyd Avenue, 3321 Neely Avenue, and 1907 Tarleton Street in Midland, Texas. This portfolio includes a total of 277 multifamily and build-to-rent (BTR) units. The properties included are Delmar Villas, Enclave, Brighton Court, and Signature Place, which were acquired in 2014 and are situated within a two-mile radius of major employers like Occidental and Chevron.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 277
• Seller: Jeff T. Blau - Related Companies
• Broker: Institutional Property Advisors - Marcus & Millichap

In this transaction, Jeff T. Blau represented Related Companies in the sale of the assets, while Institutional Property Advisors of Marcus & Millichap managed the brokering of the deal, facilitating the sale of the multifamily properties to a potential buyer.