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 Villas at Edgewood Apartments, a 72-unit apartment property located in Fort Worth, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Trey McGhin, an Associate and John Barker a Senior Director in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Mr. Barker and Mr. McGhin.

Villas at Edgewood Apartments is a 72 unit, 1973 construction, multifamily asset located at 501 South Edgewood Terrace in Fort Worth, Texas. The property sits on 2.3 acres, has 63,400-square feet of rentable space and 110 parking spaces. It’s only a mere 5.6 miles to Fort Worth’s Downtown Central Business District, Bus Lines, and has easy access to major thoroughfares Interstate 30, 35W, HWY 287 and Loop 820.

The property consists of 12 residential buildings and one leasing office constructed of concrete slab foundation, which are all two stories. The asset has received many recent capital improvements and upgrades since being acquired in 2013.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.