Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF A 240-UNIT APARTMENT BUILDING

10/13/2016

TEXAS CITY, 2016– 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 Heritage at 9th, a 240-unit apartment property located in Texas City, Texas, according to David H. Luther, first vice president/district manager of the firm’s Houston office.

Jeffrey Fript, a vice president investments, and Christian Mazzini, an associate, in Marcus & Millichap’s Houston office, represented the seller, a partnership.  The buyer, a limited liability company, was secured and represented by Jeffrey Fript and Christian Mazzini. 

Heritage at 9th is located at 3404 9th Avenue North in Texas City.

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About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing 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 8,700 transactions in 2015 with a value of approximately $37.8 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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Marcus & Millichap

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