Marcus & Millichap brokered the sale and financing of Fountains of Jupiter Apartments, a 108-unit apartment property built in 1986 in Dallas, Texas. 

Al Silva, senior managing director investments, and Ford Braly, first vice president investments, in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the owner, a Dallas-based investment group. The buyer, a newly formed partnership also based in Dallas, was procured by Silva and Braly. The property attracted 24 tours and nine offers during a four-week marketing campaign.  

Brandon Brown, senior managing director at Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, procured 7-year agency debt for the buyer featuring a 3-year interest only period. Brown specializes in multifamily capital advisory and has procured billions over his 24-year career. “It is always a pleasure to collaborate with the Silva-Braly Multifamily Team on transactions and find ways to add value.” said Brown.  

Fountains of Jupiter is a 108-unit, individually metered community located at 12993 Jupiter Road. The property is situated along Interstate 635, providing convenient access to area employment centers, shopping, and schools. Built in 1986, the community features well-designed floor plans with washer/dryer equipment, individual HVAC systems, copper wiring, and PVC plumbing. Community amenities include a large swimming pool with a spa, bark park, secure access gates, and garden fountains. Residents also enjoy private patios/balconies, spacious walk-in closets, and brick fireplaces. The new owners plan to improve unit interiors and property management, enhancing Fountains’ competitiveness in the area rental market. 

Since the beginning of 2022, the Fort Worth-based Silva Braly Multifamily Team of Marcus & Millichap has completed the successful marketing and sale of over 35 apartment properties in the Dallas-Fort Worth area totaling more than 6,500 units and $815 million in transaction volume.