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Marcus & Millichap Arranges the Sale of a 125 Unit Apartment Building

09/02/2015


HOUSTON, TEXAS,  August 26, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Carlisle, a 125 unit apartment property located in Houston, according to David H. Luther, first vice president/regional manager of Marcus & Millichap’s Houston office. The exclusive offering had a list price of $5,850,000.

Clint Roberts, an associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller. The Carlisle was previously unsuccessfully marketed by another brokerage firm. However, the offering was repackaged and repositioned by Roberts for a higher list price with Marcus & Millichap. The firm’s national marketing campaign generated several written offers by qualified investors. Roberts also sourced the buyer that won the contract. 

The Carlisle is located at 9898 Forum Park Drive in Houston. 
 

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About Marcus & Millichap (NYSE: MMI)

With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

 

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08/26/2015 - 17:00

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Marcus & Millichap

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