Institutional Property Advisors Sells 236-Unit Multifamily Property The Mark At Midlothian In Texas

The Mark at Midlothian is a multifamily property comprising 236 units, located at 999 Walter Stephenson Road in Midlothian, Texas. The property was built in 2020 and is situated in a rapidly growing submarket of Dallas–Fort Worth. It is considered a stabilized workforce housing investment with potential for increased cash flow.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 236
• Address: 999 Walter Stephenson Road
• Market: Midlothian, TX
• Brokers: Michael Ware, Joey Tumminello, Drew Kile, Taylor Hill & Jack Windham - Institutional Property Advisors

Institutional Property Advisors, a division of Marcus & Millichap, facilitated the sale representing both the buyer and seller in this transaction. This deal highlights the expertise of the brokers involved in connecting the parties for the acquisition of the property.