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GRAPEVINE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Marlowe Grapevine, a 324-unit community in the Dallas suburb of Grapevine. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill and Shelby Clark of IPA represented the sellers, Greystar and Carlyle, and procured the buyer, Equity Residential.
Marlowe Grapevine was built in 2023 on 15 acres. The garden-style community rises three stories. Amenities include an outdoor fitness center, pool, private garages and a jogging trail. The average unit size is 940 square feet. Apartments feature washers and dryers, as well as 10-foot ceilings, garden tubs and dishwashers.