Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, an urban apartment complex at 4533 Cedar Springs Road in Dallas. SPI Advisory acquired the asset from a private equity real estate fund advised by Crow Holdings Capital.
“New capital continues to flow into the Dallas-Fort Worth multifamily market at an extremely high level,” said Drew Kile, IPA senior managing director. “This is a very sought-after property and location, and, as always, SPI Advisory, the buyer, followed through on their word to move quickly. They moved from access agreement to purchase and sale agreement in just 10 days, went non-refundable immediately and closed early.”
