(Read more on the multifamily market.)
DALLAS-A Santa Barbara, CA-based investment group, banking onvalue-add interest in the Texas market, is hawking 1,037 units in13 properties from Denton to Galveston after owning them at leastone decade. The motivation to sell is a plan to dissolve thelong-time partnership.
The Beverly Partners Ltd. portfolio is a series of class B andclass C assets from 18- to 264-unit assets in primary and secondarycities along the Interstate 35 corridor. Teasers to the market,with the hard thrust still to come, has one contract already inplace, according to the Marcus & Millichap Real EstateInvestment Services' brokerage team of senior investment associateNorman Eastwood, senior associate John Barker and associate WillJarnagin.
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