SOLD: 112 LIHTC Apartments in San Angelo, Texas

realestate-investment-multifamily-property-for-sale-Bent-Tree-LIHTC-San-Angelo-texas-462x330SAN ANGELO, TEXAS – 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 Bent Tree, a 112-unit apartment property located in San Angelo, TX, according to Craig R. Swanson, regional manager of the firm’s Austin office. The asset sold for an undisclosed amount.

Joe James and Kent Myers, Vice President Investments in the firm’s Austin Office along with Robert Sheppard, Armand Tiberio and Spencer Hurst, investment specialists with the Marcus and Millichap Tax Credit Group  had the exclusive listing to market the property on behalf of the seller, a limited partnership.  The buyer, a partnership, was secured by Joe James, Kent Myers, Robert Sheppard, Armand Tiberio and Spencer Hurst

Bent Tree, 112 unit multifamily complex, was constructed in 1999 and placed under the Low Income Housing Tax Credit (LIHTC). This property is located at 1625 Sunset Drive in San Angelo, TX.  Its prime location makes commuting easy and convenient to all residents. Situated along Sunset Drive, the community is close to several stores, restaurants and services.

For additional investment information, please contact:

Joe James | jjames@marcusmillichap.com | 512-338-7852

Kent Myers | kmyers@marcusmillichap.com | 512-338-7853

Follow us on Twitter @JamesMyersMF for the latest market news and activity.

The James-Myers Multifamily Team of Marcus & Millichap (NYSE: MMI) has participated in the sale of more than 63 transactions since 2007 totaling over 13,000 units and more than $730 Million in sales across Texas.  Contact us for acquisitions, dispositions, property evaluations or market information for your Texas apartments.

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