Press Releases
Marcus & Millichap Arranges Sale of 100-Unit Multifamily Property in Tyler, Texas
November 20, 2025
TYLER, Texas, Nov. 20, 2025 – 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 The Broadstone, a 100-unit multifamily property in Tyler, Texas.
“This was a competitive and complex off-market transaction involving a heavily distressed asset that had been marketed by five other brokers for over a year,” said Fin Erwin, director investments. “Despite significant deferred maintenance and low occupancy, we secured nonrefundable earnest money with no retrades, concessions or credits, and closed just 73 days from PSA. With major economic drivers like the new UT Tyler School of Medicine, YellaWood, Trane Technologies and Brookshire’s Grocery Co., Tyler is well positioned for continued growth.”
Erwin, investment specialist in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a New Jersey-based family office, and procured the buyer, VaultCap Partners based in Dallas.
The Broadstone, located at 2720 S. Broadway Ave., was built in 1974 and sits on 5.91 acres. The 101,500-square-foot property includes a mix of one-, two- and three-bedroom units. VaultCap Partners acquired the asset at a below-market basis and plans to execute a comprehensive renovation program to increase occupancy, improve collections and enhance overall asset value. A local property management firm has been retained to oversee daily operations and renovations.
“This was a competitive and complex off-market transaction involving a heavily distressed asset that had been marketed by five other brokers for over a year,” said Fin Erwin, director investments. “Despite significant deferred maintenance and low occupancy, we secured nonrefundable earnest money with no retrades, concessions or credits, and closed just 73 days from PSA. With major economic drivers like the new UT Tyler School of Medicine, YellaWood, Trane Technologies and Brookshire’s Grocery Co., Tyler is well positioned for continued growth.”
Erwin, investment specialist in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a New Jersey-based family office, and procured the buyer, VaultCap Partners based in Dallas.
The Broadstone, located at 2720 S. Broadway Ave., was built in 1974 and sits on 5.91 acres. The 101,500-square-foot property includes a mix of one-, two- and three-bedroom units. VaultCap Partners acquired the asset at a below-market basis and plans to execute a comprehensive renovation program to increase occupancy, improve collections and enhance overall asset value. A local property management firm has been retained to oversee daily operations and renovations.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
