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Crazy eights: Metroplex multifamily portfolio sellsCrazy eights: Metroplex multifamily portfolio sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205152018-07-02T05:00:00Z2018-07-02T21:00:00Z



​DALLAS – Texas-based Exponential Property Group has purchased the Quality Estates Value-Add Portfolio, an eight-property, 2,048-unit multifamily portfolio located throughout the Metroplex.​

According to Institutional Property Advisors (IPA), a division of Marcus & Millichap, the properties were constructed between 1977 and 1985 and held by a single owner for an average of 28 years. They are:

  • Pecan Knoll, 358 units, Garland;
  • Broadway Manor, 134 units, Garland;
  • Quail Ridge, 292 units, Grand Prairie;
  • Cedar Point of Arlington, 272 units, Arlington;
  • The Woodlands, 346 units, Fort Worth;
  • Marine Creek, 248 units, Fort Worth;
  • Normandale Manor, 122 units, Fort Worth; and
  • Emerald Hills, 276 units, Fort Worth.
IPA/Marcus & Millichap represented the seller, a private investor based in Canada.
Marcus & Millichap
Dallas-Fort Worth-Arlington
Multifamily
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