Marcus & Millichap Arranges Sale of Houston Apartment Community
HOUSTON, TX, June 26, 2014– 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 White Oak Apartments, a 77-unit apartment property located in Houston, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office.
Juan Cuevas, an Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a subsidiary limited liability company of Brightside Properties. Greystar, who purchased the property, plans to demolish the existing building and build a new midrise. Greystar purchased the property for its fantastic location which is adjacent to White Oak Park and has unobstructed views of the downtown skyline.
White Oak Apartments is located at 2222 White Oak in Houston.
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About Marcus & Millichap (NYSE: MMI)
With over 1,300 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 6,600 transactions in 2013 with a value of approximately $24 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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