Longview, Texas, Apartments Sold; Transaction Arranged by James-Myers Multifamily of Marcus & Millichap

LONGVIEW, 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 Misty Ridge, a 176-unit apartment property located in Longview, TX, according to Craig R. Swanson, regional manager of the firm’s Austin office.

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Joe James Vice President Investments, Kent Myers Vice President Investments, and Matthew Yarbrough, investment specialist in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a regional investment company, was secured by Joe James, Kent Myers and Matthew Yarbrough.

“Demand for quality apartment assets in Texas’ secondary markets has never been stronger as investment activity in the major markets continues to be extremely competitive,” says Myers.

Completed in 1979, Misty Ridge is a quality apartment community consisting of 176 units, located at 301 West Hawkins Parkway in the strong secondary market of Longview, Texas. The property boasts a wide array of appealing community amenities including a sparkling swimming pool with a water fountain, a tennis court, and much more.

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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