Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF AN 8-UNIT APARTMENT PROPERTY

12/12/2016

AUSTIN, TEXAS, December 12, 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 McCarty Lane Apartments, an 8-unit apartment property located at 5216 McCarty Lane in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.

Josh Kantor and Mike Moffitt Jr, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Built in 1970, McCarty Lane Apartments is located just off of William Cannon Drive and less than one mile from Loop 1.  Recent renovations include: refinished hardwood floors, resurfaced countertops, appliance packages and various bathroom upgrades including tile work, toilets and sinks.

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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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