Press Releases
Marcus & Millichap Arranges Sale of Two-Property Multifamily Distressed Portfolio in Dallas
October 15, 2026
DALLAS, Oct. 15, 2026 — 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 Villas del Tesoro, 229 units, and 46 Eleven Apartments, 79 units, a two-property multifamily portfolio in Dallas. The properties were sold through a Chapter 11 bankruptcy auction following a competitive marketing and bidding process.
“After a five-week marketing campaign that generated more than 30 property tours and 25 offers, we brought four qualified bidders to the Chapter 11 auction and ultimately closed the portfolio in a 29-day escrow,” said Ford Braly, managing director investments. “The sale demonstrates our team's ability to navigate the complexities of distressed transactions and maximize results for sellers through a competitive bidding process.”
Braly and Al Silva, executive managing director, in Marcus & Millichap's Fort Worth office, were the court-approved agents to exclusively market the portfolio on behalf of KeyBank and other debtors through the Chapter 11 bankruptcy process and procured the buyer, a local experienced investor. The buyer secured the portfolio with a 10% nonrefundable deposit and has plans for a large renovation to the properties, allowing for improved asset performance and occupancy.
The 308-unit portfolio was 50% occupied at the time of sale, with an average unit size of more than 850 square feet. Approximately 70% of the units have two- or three-bedroom floor plans. Located near White Rock Lake and approximately 10 minutes from downtown Dallas, the properties provide access to Interstate 30 and major employment centers. Villas del Tesoro is located at 7963 Villa Cliff Drive, and 46 Eleven Apartments is located at 4611 Samuell Blvd.
Since the beginning of 2026, the Silva Braly Multifamily Team of Marcus & Millichap has closed or awarded 1,850+ apartment units in the Dallas/Fort Worth metroplex totaling $145M in consideration.
“After a five-week marketing campaign that generated more than 30 property tours and 25 offers, we brought four qualified bidders to the Chapter 11 auction and ultimately closed the portfolio in a 29-day escrow,” said Ford Braly, managing director investments. “The sale demonstrates our team's ability to navigate the complexities of distressed transactions and maximize results for sellers through a competitive bidding process.”
Braly and Al Silva, executive managing director, in Marcus & Millichap's Fort Worth office, were the court-approved agents to exclusively market the portfolio on behalf of KeyBank and other debtors through the Chapter 11 bankruptcy process and procured the buyer, a local experienced investor. The buyer secured the portfolio with a 10% nonrefundable deposit and has plans for a large renovation to the properties, allowing for improved asset performance and occupancy.
The 308-unit portfolio was 50% occupied at the time of sale, with an average unit size of more than 850 square feet. Approximately 70% of the units have two- or three-bedroom floor plans. Located near White Rock Lake and approximately 10 minutes from downtown Dallas, the properties provide access to Interstate 30 and major employment centers. Villas del Tesoro is located at 7963 Villa Cliff Drive, and 46 Eleven Apartments is located at 4611 Samuell Blvd.
Since the beginning of 2026, the Silva Braly Multifamily Team of Marcus & Millichap has closed or awarded 1,850+ apartment units in the Dallas/Fort Worth metroplex totaling $145M in consideration.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
