Marcus & Millichap Inc.
05/19/2026 | Press release | Distributed by Public on 05/19/2026 13:46
Marcus & Millichap Brokers North Dallas Multifamily Asset Sale
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Marcus & Millichap Brokers North Dallas Multifamily Asset Sale
May 19, 2026
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DALLAS, May 19, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Infinity on the Point, a 249-unit multifamily property in Dallas, Texas.
"The sale is one of the first transactions approved by a Housing Finance Corporation (HFC) in the Dallas-Fort Worth region involving a change of ownership to a new ownership structure combined with a high-leverage loan assumption," said Wes Racht, managing director investments in Marcus & Millichap's Dallas office. "The complexity of navigating unforeseen deal points that fell outside the original purchase and sale agreement required seamless coordination and counsel from the lender, buyer, seller, and the HFC. The collaborative approach from all parties ensured a cohesive closing." Racht, Nick Fluellen, and Bard Hoover of Marcus & Millichap, in conjunction with Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware, and William Hubbard with Marcus & Millichap's Institutional Property Advisors (IPA) division, represented the seller, a California-based investment company, and procured the buyer, Reap Capital, led by David Lilley. "Acquiring a 2017 vintage, infill Dallas asset at a going in 5.8% cap at stabilized occupancy is rare in this market," said Lilley. "The combination of an attractive basis and near-term lease-up upside positions Infinity on the Point as a cornerstone addition to our North Texas portfolio, and we're grateful to all parties for their collaboration in closing a complex transaction."
Located near the intersection of Interstate 635 and U.S. Route 75, the property has a private pedestrian bridge that connects to Dallas Area Rapid Transit's LBJ/Central station. There are more than 120,000 jobs within a three-mile radius with employers such as Texas Instruments, Medical City Dallas, and Texas Health Presbyterian Hospital, and at employment centers including the Telecom Corridor, CityLine, and Galleria Dallas.
Built in 2017, Infinity on the Point is a three-story garden-style asset with a resort-style swimming pool, sundeck, grilling stations, dog park, clubhouse, fitness center, package lockers, and covered parking. Apartments have 10-to-12-foot ceilings, washers and dryers, granite countertops, and stainless-steel appliances.
"The sale is one of the first transactions approved by a Housing Finance Corporation (HFC) in the Dallas-Fort Worth region involving a change of ownership to a new ownership structure combined with a high-leverage loan assumption," said Wes Racht, managing director investments in Marcus & Millichap's Dallas office. "The complexity of navigating unforeseen deal points that fell outside the original purchase and sale agreement required seamless coordination and counsel from the lender, buyer, seller, and the HFC. The collaborative approach from all parties ensured a cohesive closing." Racht, Nick Fluellen, and Bard Hoover of Marcus & Millichap, in conjunction with Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware, and William Hubbard with Marcus & Millichap's Institutional Property Advisors (IPA) division, represented the seller, a California-based investment company, and procured the buyer, Reap Capital, led by David Lilley. "Acquiring a 2017 vintage, infill Dallas asset at a going in 5.8% cap at stabilized occupancy is rare in this market," said Lilley. "The combination of an attractive basis and near-term lease-up upside positions Infinity on the Point as a cornerstone addition to our North Texas portfolio, and we're grateful to all parties for their collaboration in closing a complex transaction."
Located near the intersection of Interstate 635 and U.S. Route 75, the property has a private pedestrian bridge that connects to Dallas Area Rapid Transit's LBJ/Central station. There are more than 120,000 jobs within a three-mile radius with employers such as Texas Instruments, Medical City Dallas, and Texas Health Presbyterian Hospital, and at employment centers including the Telecom Corridor, CityLine, and Galleria Dallas.
Built in 2017, Infinity on the Point is a three-story garden-style asset with a resort-style swimming pool, sundeck, grilling stations, dog park, clubhouse, fitness center, package lockers, and covered parking. Apartments have 10-to-12-foot ceilings, washers and dryers, granite countertops, and stainless-steel appliances.
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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 https://www.MarcusMillichap.com.
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