Built in 2020 on over 17 acres, Reatta Ranch is a two- and three-story, garden-style community with a swimming pool, 24-hour fitness facility, business center, and pet play area. Apartments have nine-foot ceilings, air conditioning, and pendant lighting. The average unit size is 1,025 square feet.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, dedicated to serving the company’s institutional clients, announced the sale of Reatta Ranch, a 300-unit multifamily asset in Justin, Texas.
“The only Class A multifamily property within a five-mile radius, Reatta Ranch is fully stabilized asset in a high-growth submarket of North Fort Worth,” said Taylor Hill, IPA senior managing director. Hill, Michael Ware, Drew Kile, Joey Tumminello, and Shelby Vosburg of IPA represented the seller, Boulder Peak Capital, and procured the buyer.
Reatta Ranch is adjacent to two new developments, Justin Town Square and Justin Crossing. Employers such as Charles Schwab, Fidelity Investments, Deloitte, and TD Bank are nearby. AllianceTexas, which has more than 575 companies, and Alliance Town Center, a retail and dining hub, are within a short drive.
“IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin, and San Antonio,” said Will Balthrope, IPA executive director.
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.
Institutional Property Advisors (IPA) is a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.
