Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Elwood Oaks, a 54-unit apartment property located in Irving, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Nick Fluellen, Bard Hoover and Matt Aslan, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was also secured and represented by Fluellen, Hoover and Aslan.

“Despite the market disruption, we were able to close this deal amidst the Covid-19 Pandemic,” stated Aslan. He added, “There was a major retrade due to the uncertainty of the market, but we were able to cater to the needs of both the buyer and the seller”.

Elwood Oaks is located at 721 North Nursery Road in Irving, Texas.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap 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.