Marcus & Millichap’s Silva Team Completes Sale of Irving Apartments

Marcus & Millichap finalized the sale of The Colony, a 179-unit multifamily asset in Irving. The property changed hands to a Dallas-based private investment group for an undisclosed sum.

“The new owner can receive favorable yields from day one and achieve enormous upside by bringing the property up to modern physical and operational standards,” said Al Silva, senior managing director investments in Marcus & Millichap’s Fort Worth office.