DALLAS–Institutional Property Advisors (IPA), adivision of Marcus & Millichap, has retainedthe exclusive listing to market for sale the VariantPortfolio, a 19-property, 6,681-unit,five-million-square-foot multifamily portfolio in Texas. Fifteen ofthe properties are located in Houston and four are in Dallas. Theprice is to be determined by the market.
IPA executive director Will Balthrope andMarcus & Millichap senior vice presidents investmentsNorman Eastwood and Charles “Chico”LeClaire are representing the seller, SouthernCalifornia-based Variant Commercial RealEstate.
“The Variant Portfolio providesinvestors with a large-scale opportunity to acquire a number oftrue 'value-add' assets in the strong Dallas and Houston markets,”said Balthrope.
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