Texas

DALLAS — Marcus & Millichap has arranged the sale of Agave Azul on Boulder Apartments, a 66-unit community in Dallas. Built in 1965, Agave Azul on Boulder Apartments offers one-, two- and three-bedroom floor plans. The average unit size is 950 square feet. The property was renovated with new individual HVAC systems and pitched roofs over the past five years.  Ford Braly, Al Silva and Dylan York of Marcus & Millichap’s Fort Worth office marketed the asset on behalf of the seller, a locally based private investor. The seller originally …

RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-unit community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.

DALLAS — Blue Ocean, a value-add and opportunistic investment firm based in Maryland, has acquired Villa Ladera in Dallas from an undisclosed seller. CBRE represented both parties in the deal. The price of the trade not disclosed. Villa Ladera is a 184-unit property developed in 1972. Blue Ocean is planning to renovate several units. The seller has owned the property since 2017. Features include controlled access, a playground, two laundry facilities and approximately 400 parking spaces. Villa Ladera was 96 percent occupied at the time of sale. Chris Deuillet and …

GRAND PRAIRIE, TEXAS — Atlantic Multifamily has sold The Destino, 192-unit property in Grand Prairie to an undisclosed New York-based private investment company. The Destino was built in 2000 on 11 acres. Al Silva, senior managing director, and Ford Braly, senior vice president investments, of Marcus & Millichap’s Fort Worth office listed the asset on behalf of Atlantic Multifamily and secured the buyer. The 18-building, three-story, gated property features a pool, an outdoor kitchen, playground and dog park. The average unit size is 1,000 square feet.