Silva Multi-Family Commercial Real Estate

Al Silva & Team

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Vernazza

Dallas, TX

City/State:

Dallas, TX

Price:

$7,500,000

Price Per/Unit:

$75,000

# of Units:

100

Sq. Ft.:

71,360

Price Per Sq. Ft.:

$105.10

Year Built:

1963

CAP Rate:

6.00%

Call For Offers Date:

TBD

Bellevue Chase & The Park at Bellevue

Fort Worth, TX

City/State:

Fort Worth, TX

Price:

Request for Offer

# of Units:

528

Sq. Ft.:

388,288

Year Built:

1985/1985

Call For Offers Date:

5/30/2019

Team News
DFW News
Industry

Al Silva Completes Sale of 136 Unit Community in East Fort Worth Silva Team Successfully Markets and Sells 246 Unit Rio Vista Apartments in the Mid-Cities Area of D/FW Al Silva Conducts Sale of 228-Unit Aspen Woods Apartments in Arlington Silva Team Completes Sale of 252 Units in Arlington, TX Al Silva Honored with Top Broker Award by Connect Media Marcus & Millichap Recognizes the Top 40 Investment Professionals Companywide for 2018 Silva Team Completes Sale of 229 Unit East Dallas Community After an Unsuccessful Marketing Effort by a Competing Brokerage Al Silva and Ford Braly Named Top Brokers by D Magazine for 2019 Marcus & Millichap Recognizes Top Performing Agents in Texas for 2018 Al Silva Earns Second Consecutive Chairman’s Circle of Excellence Award 232 Unit Villa Bonita in Dallas Sells to Out-of-State Investment Group Silva Team Closes on 205 Unit Complex in Arlington, TX Al Silva and the Silva Team Named "Best Brokerage Team" in 2018 Multi-Housing News Excellence Awards Marcus & Millichap's DFW Multifamily Forum is Coming Up on October 17 - Click for Details Al Silva Recognized as #11 Multifamily Professional Companywide Through September 2018 Silva Team Closes Sale of Two Multifamily Deals in D/FW Totaling 248 Units 240 Unit, 1980's Community in Fort Worth Sold by Silva Team Silva Team Completes Sale of 187 Unit Property in Dallas Silva Team Completes Blockbuster Sale of 8 Property Value Portfolio Totaling 2,048 Units in D/FW River Ranch Apartments in Fort Worth Sell to Out of State Investment Group Al Silva Featured in Texas Real Estate Business Multifamily Article Al Silva Receives Prestigious CoStar Power Broker Award for 2017 Silva Team Completes Sale of 116 Unit Community Near Dallas Love Field Airport 2 Property, 396 Unit Portfolio Trades in Dallas to Undergo $7MM Capital Renovation Connect Media Names Silva Team Among 2018's Top Brokers Al Silva Recognized as #7 Multifamily Agent Nationwide Through December 2017 All Members of the Silva Multifamily Team Named Top Investment Sales Brokers by D Magazine Woodway on the Green in Fort Worth Sells After Attracting 33 Property Tours and 12 Offers Al Silva Recognized as #12 Agent Nationwide for Marcus & Millichap for 2017 120 Unit Quail Hollow Apartments in Dallas Sold by Silva Multifamily Team Top 20 Marcus & Millichap Agents in Texas for 2017 Announced Silva Team Completes Sale of Toscana Apartments in HEB Area of DFW Two Dallas Communities Totaling 406 Units Sold by Silva Multifamily Team Silva Team Completes Sale of 351 Unit Portfolio for $21MM in D/FW Silva Team Leads Sale of 372 Unit Complex in Dallas Marcus & Millichap names Al Silva Senior Managing Director Investments Announcing Marcus & Millichap's Next Chairman's Circle of Excellence Award Recipient - Al Silva Silva Multifamily Team Arranges 36.7M Sale of Four Apartment Properties Totaling 573-Units in D/FW Al Silva Arranges the Sale of a 263-Unit Apartment Building in Fort Worth Silva Team Closes a 94-Unit Apartment Community After Fielding 14 Offers Silva Team Arranges the Sale of an 80-Unit Apartment Building in D/FW Built in 2009 Two 1980's Vintage Communities Totaling 1,020 units in D/FW Sold by the Silva Multifamily Team Al Silva Talks Multifamily on Old Capital Lending Podcast Silva Team Arranges the Sale of a 152-Unit Apartment Building After Fielding 15 Offers Silva Team Sells 274 Unit Copper Creek Apartments After Just One Day on Market Silva Team Completes Sale of 160 Unit Community in Dallas Marcus and Millichap Names Al Silva Senior Vice President Investments Al Silva Recognized as a Top Multifamily Producer Companywide for 2016 Silva Team Completes Sales of 112 Unit Property in Mid-Cities Area of D/FW Neighboring Apartment Communities Totaling 222 Units in Fort Worth Sold to Texas Investor Silva Team Closes 209 Unit Community in Dallas After a One Week Marketing Period Silva Team Closes 528 Unit Class B Transaction in Fort Worth Al Silva Ranked Top 20 Multifamily Broker Nationwide for Marcus and Millichap Through July 2016 506 Unit Yield Enhancement Play in North Dallas Sold by Al Silva Mid Cities Community Totaling 175 Units Sold in Just Two Weeks by Silva Multifamily Team Silva Team Closes Sale of 105 Unit Complex in Richardson, TX After Attracting 59 Tours and 24 Offers Silva Multifamily Team Featured in Bisnow Article 232-Unit Multifamily Asset in Dallas, TX Sold by Al Silva After Attracting 15 Tours and 10 Offers Silva Team Closes 104 Unit, 1980s Complex in Dallas After 29 Tours and 13 Offers 132 Unit, 1980's Vintage Community in Irving, TX Closes at Full Asking Price Silva Team Closes Sale of 264 Unit Untouched Value Play in Arlington Silva Team Closes Great Value in Irving, TX Al Silva on Bisnow-What are the Three Biggest Takeaways for Multifamily in 2015?192 Unit Colonnade Apartments Attracts 21 Tours and 15 Offers 191 Unit Serrano Ranch Sells to Out of State Investment Group Al Silva to Lead Panel at 2015 Marcus and Millichap Multifamily Forum in Dallas, TX 248 Unit Southern Oaks Attracts 31 Property Tours and 20 Offers Two More Apartment Complexes in D/FW Sold by Al Silva 240 Unit Community in D/FW Attracts 15 Offers and Closes within 40 Days Silva Team Closes Sale of Irving Apartment Complex 3 Reasons Multifamily May See More Sellers in 2015 Al Silva Sells 600 Unit Apartment Complex in Dallas After Fielding 8 Offers 142 Unit Community in Dallas, TX Sold to Out of State Buyer Marcus and Millichap Honors its Top Investment Professionals in Texas for 2014 Al Silva Recognized as a Top Multifamily Producer Companywide for 2014 Silva Team Conducts Sale of 122 Unit Multifamily Property in Dallas 357 Unit, 1980’s Vintage Property Located in Dallas Sold by Al Silva Silva Team Completes Sale of 205 Unit Complex in Arlington, TX Al Silva Facilitates Sale of Fort Worth Apartment Complex 160 Unit Property in Bedford Closes Just 20 Days After Contract is Signed Silva Team Closes 332 Unit Transaction in Fort Worth, TX at 100% of Asking Price 292 Unit Community Sells After Attracting 12 Offers in 3 Weeks Marketing Timelines Compress Substantially in 2014 Silva Team Closes a 263 Unit Transaction Built in 1985 Local Investor Wins Class B Property in Irving Over 6 Other Bidders Al Silva Featured in Bisnow Multifamily Article Local Buyer Acquires Well Located, Distressed Property in Southwest Fort Worth 200 Unit Property Built in 1984 Sells for 100% of Asking Price 152 Unit North Dallas Apartment Sale Closes Just 26 Days After Listing Date Al Silva Named a Dallas Business Journal 2014 Top Broker Gables of Notting Hill Sells for 98.6% of List Price McKinney Park Sells to Local Buyer for $11.4 Million Silva Brokers 120 Unit Property in Lancaster for $5,300,000 208 Unit Dallas Property Attracts 15 Offers in Three Weeks, Closes at 102% of List Price After Driving Multiple Offers, Marcus and Millichap Sells 160 Apartment Units In Dallas 212-Unit Property Closes Under 30 Days Silva Brokers All-Cash Purchase of 274 Units In Fort Worth Mayan Palms sells for 4.5 Million, Closes in 45 days Al Silva Brokers Sale of 156-Unit Complex After Just One Day on Market Arlington Complex Closes All-Cash Under 30 Days Silva Sells 2,100 Units Over 18-Month Period Al Silva Named as a Top Multifamily Producer in Texas

Fort Worth's Booming Growth Refuses to Slow Down as City Becomes 13th Largest in US Fort Worth is Now Larger than Columbus and San Francisco D-FW Lands on List of Country's Top Commercial Real Estate Markets Can You Afford Rising Rents for Dallas Apartments?Bullish on Fort Worth: Economy and Population Growth Fuel CRE Sector With 25,000 New Apartments in D-FW this Year, Will There be Enough Renters?Why DFW was Named Top Real Estate Market to Watch in 2019 Mid-Cities Top D/FW Leaderboard for Cycle Rent Growth Dallas Residents are Getting Less of a Bite from Rising Apartment Rents Older D-FW Apartments are Seeing the Biggest Run-Up in Rents It's Now Better to Rent Than Own in Dallas, Report Says DFW Apartment Construction Ranks Second-Highest Nationally Six Out of 10 Dallas Residents are Renters and Not Homeowners Renters are on the Rise in Texas Dallas-Fort Worth Among 12 Cities Where Renters Can Save Money Thousands of New Renters are Fueling Demand for D-FW Apartments Texas is CNBC's Top State for Business in America this Year Dallas-Area Apartment Building Will Outpace Demand, New Report Warns Occupancy is Tight in D/FW's Class C Apartments Texas Has Six Most Prosperous Cities Dallas Fed Reports Solid Job Growth in Dallas The Story Behind Texas' Phenomenal Growth Frisco was the Nation's Fastest-Growing City, but Another D-FW City's Growth was More Suprising Study: Dallas-Fort Worth a Top Market for Real Estate Investors D-FW Apartment Rents Inch Up in First Quarter as Construction Surges D-FW was the Country's Top Market for New Apartments in 2017 Tarrant County Multifamily Overview and Outlook for 2018 Dallas had More New Apartments than Any U.S. Metro in 2017 Dallas-Area Apartment Rent Gains Slowed in October Need an Apartment? D-FW has the Most New Ones in the Country Dallas-Area Apartment Builders Play Catch Up With More Construction Permits Big Projects Still in the DFW Construction Pipeline with No Signs of Slowing D-FW Apartment Rent Increases Stuck on Slow in September D-FW's Apartment Boom has Peaked but Don't Expect a Crash Good News for Apartment Residents: Rent Increases are Slowing Dallas Apartment Permits Dip 20 Percent in the First Real Sign of a Building Slowdown Dallas-Fort Worth is Getting More Expensive, but it's Still a Bang for Your Buck D-FW Apartment Rent Increases Slowing Dallas-Area Apartment Rent Growth Slowed in June You Think D-FW Apartment Rents are Too High? You Ain't Seen Nothing Yet D-FW Apartment Leasing at the Highest Level in More than a Decade Dallas-Fort Worth Lands 22 Companies on this Year's Fortune 500 Looking for a Job? There's No Better Place to Work than in Dallas, Forbes Says Ouch! D-FW Apartment Rents Set Record in April How Do DFW Housing Costs Compare to the Rest of the US?Iinstitutional Investors Could Turn Fort Worth Into Tier One City D-FW Apartment Boom Show No Sign of a Slowdown with 50,000 Plus Units on the Way Higher Rents Bite D-FW Apartment Renters in the First Quarter Where are Americans Moving? Here are the Fastest-Growing - and Shrinking - Cities in the U.S.Big D Edges Out the Big Apple Among Top Property Markets No Sign of a Property Glut in D-FW, but it's Worth Watching When it Comes to Multifamily, These are the Top 'Buy' and 'Sell' Markets Dallas was One of the World's Top Property Investment Markets Last Year Dallas is One of Rare U.S. Areas Where it's Cheaper for Residents to Rent than Buy Rooms to Go: Expect to See Less Apartment Construciton in the Coming Months Rush of D-FW Apartment Renters Fuels Record Fourth-Quarter Leasing DFW Apartment Building Booms with More than 50,000 Units on the Way Economic Snapshot: Dallas-Fort Worth Apartment Growth Nears Record High March Numbers Show DFW Apartment Rents Rising with No Decline in Sight Sharp Decline in D-FW Apartment Leasing Raises Red Flag for Developers Dallas-Area Apartment Dwellers Set New Record with Average Rent Over $1,000 Texas is Still Booming, Despite the Oil Bust Majority Intended to Maintain or Increase Purchasing Activity DFW Apartment Rents Rise Higher Than National Average, Taking Another Jump in January Kick Up a Fuss if You Like, But Apartments are a Reality 2015 Real Estate Boom is the Biggest DFW Has Seen in Decades Fort Worth Predicted to be a Top Market for Rent Growth in 2016 Dallas-Area Apartment Rents Up Almost 7 Percent North Texas Apartments May See Smaller Rent Increases, Higher Vacancy Next Year, Analysts Warn Fort Worth, TX Ranked No. 13 for Rent Growth Dallas-Fort Worth Ranks as Top City for Real Estate in 2016 North Texas Apartment Rents Rising at Record Rate Texas Cities Prominent on Fastest-Growing List Dallas-Fort Worth Apartment Market is Booming Even With Recent Increases, Dallas Apartment Rents are Middle of the Road Compared with Other Big Ma Fort Worth Apartment Occupancy Continues 95%-Plus Trend Apartments Continue Rent Growth Streak Dallas-Fort Worth Economy Remains Strong, While Texas as a Whole is Hurt by Oil Industry Fort Worth Apartment Occupancy Remains Above 95% in May Axiometrics Data Shows Strong Apartment Market Surveys Show Strong Hiring Trends for Dallas-Fort Worth and Texas More Apartment Rent Increases Coming in North Texas Three Reasons Fort Worth Dominates Metroplex Multifamily Top 10 Growth Markets D-FW is Nations Top Market for Apartment Leasing, Construction Amid Low Oil Prices, Dallas is Bright Spot D-FWs Growth Pattern is Likely to Continue D-FW Apartment Residents Are Paying More Than Ever in Rent Fort Worth Tops the List for Growth in 2014 D-FW Area is Tops in the Nation for Apartment Leases and Rents Rising at Record Rates Houston, Dallas Among Top U.S. Commercial Property Markets in 2014 Dallas Ranked 3rd Fastest-growing City in America; Fort Worth Is No. 8 North Texas Leads the Nation in Apartment Leasing 2014: North Texas Real Estate Market is One for the Records D-FW Commercial Real Estate Outlook Remains Positive for Next Few Years Dallas Joins the Ranks of World’s Top Real Estate Investment Markets Dallas-Fort Worth in Top Five Commercial Real Estate Markets in 2015 Fort Worth Tops in Texas for Apartments Fort Worth Downtown Named Number One Downtown in America D-FW Has Top U.S. Apartment Market Dallas FED January 2014 DFW Economic Indicators Ft. Worth, Arlington, and Dallas are Top 5 U.S. Cities to Find a Job Dallas-Fort Worth Area outperforms Texas Economy DFW Forecasted to be a Hot CRE Market in 2014 DFW is a Hot Spot for Job Relocation Young Renters are Boosting Class B and C Multifamily Occupancies Walmart Opens Large Distribution Center in Fort Worth Fed Intensifies Effort to Curb Surge in Interest Rates California Investors Love DFW Investments

Multifamily Numbers and Opportunity Zones US Commercial Real Estate Lenders Expect a Strong 2019 Apartment Construction Set to Level Off After Years of Building Gains Apartments Weathering Well the Maturing Cycle Healthy 2019 Projected for Multifamily Investment Apartment Rents Expected to Rise Faster Than Inflation in 2019 Multifamily Borrowers Will Continue to Have Access to Multiple Capital Sources in 2019 Investment Sales Rise in the Third Quarter, Full-Year Volume May Beat 2017 Numbers Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments Multifamily Investors Continue to Accept Low Cap Rates, But for How Long?Fed Raises Rates; Officials Lift Outlook to Four 2018 Hikes US Businesses Add a Solid 178,000 Jobs in May Fannie Mae and Freddie Mac Continue to Dominate Apartment Lending 2018 Multifamily Trends: Learning from Homeownership Demand Shifting Strategies: Multifamily Investors Adjust to Sector Slowdown, Mature Cycle Coastal Markets Lead Multifamily Sector While Investors Search for Opportunity Apartments' Inflection Point: Vacancies Seen Rising Seven Predictions for the Multifamily Sector in 2018 Investors Expect 2018 to be Another Solid Year for Apartment Sales Marcus & Millichap Report: Tax Reform's CRE Impact Likely Limited Agency Lenders Still Rule the Multifamily Loan Market Investor Focus Shifts in Multifamily Special Report: What New Tax Rules Mean for Real Estate Investors Exclusive Research Reveals Stable Outlook for the Multifamily Sector Multifamily Lending Hit New High in 2016 Multifamily Industry in U.S. Sees Continued Market Growth in 2017 Interest Rates Drop on Loans for Apartment Properties Long-Term Outlook for Rental Apartments Remains Positive Apartment Slowdown Has Yet to Arrive Multifamily Loan Origination Expected to Hit New Record This Year Apartment Vacancy Rates Expected to Increase More Slowly Than Expected Pullback Continues in the Investment Sales Market for Apartment Properties The Trend Toward Apt. Renting Renter Demand at Near-Record Levels Rewriting the Narrative on Apartment Demand and Oversupply Apt. Rents Maintain 13-Month Streak of Slowing Growth Fitch: Multifamily is Peaking CRE Cycle Still Has More "Runway," Says Marcus and Millichap CEO Hessam Nadji Multifamily Continues String of Profitable ROI in 2016 More Renters Expect to Keep on Renting Homeownership Rate Continues to Ebb Outlook for Apartment Sector Looks Strong Apartment Rents Rebound in January NMHC Special Report: A Macro Perspective of the Apartment Market NMHC Special Report: 2017 Market Outlook NMHC Special Report: FInding Value in Value-Add Apartment Renters Are Getting Older Marcus and Millichap Forecasts Long-Term Investor Demand for Commercial Real Estate Rent Growth to Level Off in 2016 Multifamily Dynamics Will Remain Strong Through 2016 Value-Add Investing Keeping Apartment Sales Rising This Year Apt. Renewals Reach 10-Year High MMI Posts Record Full-Year Numbers Investors See Opportunity in Value-Add Strategies for Class-B Multifamily Assets A Whole Country of Renters 2016 Rent Growth Makes a Strong Start MF Not Overbuilding Yet, But Projects May Change 2016 US Economic and Apartment Market Overview and Outlook Apartment Rent Growth Heads for Slowdown 2015 Marks Sixth Straight Year of Higher Than Normal Rent Increases Breaking Supply Wave, Potential Volatility Expected to Test Apartment Market Resilience in 2016 Feds Rate Hike Will Not Derail 2016 Home Sales Take Hit in Nov.; MF Gains Class B Becoming Option A for Renters Fed Rate Increase: Little Impact, for Now Affordability Crisis Strikes Record Number of Renters More Than Half of U.S. Renters With Expiring Leases in October Renewed Underwriting Relaxes in Multifamily Nadji: Apartment Demand From All Directions Which Generation is Really Driving the MF Market?Multifamily Prices Could Stall With Interest Rate Hike Strongest Apartment Market in 9 Years Vacancy Rates Are Already Rising A Delayed Rate Increase? We Will Take It!MF Investment Hits 12-Month High Amid Wall St. Turbulence, CRE Holds Steady Steady Hiring Favors Multifamily Yes, the Correction Will Affect CRE Multifamily Sales Prices to Continue Rising?High Leverage for Apartment Loans Troubles Moodys Uh Oh. Its Another Sign That The Cycle Is Slowing Why the Apartment Cycle is Good for Five More Years Does Wage Growth Cover Apt. Rent Growth?MF Rent Growth Posts Best Showing Since 2011 Interest Rates Will Rise. The Good News is Why More Details Emerge About GSEs MF Exclusions Rents Jump 6.5% in May Winter or No, MF Rent Growth Powers Ahead Q1 Metrics Show Apartments Going Strong Can Lower Oil Prices Help Push Rents?Apts. Add $1 Trillion-Plus to Economy: NMHC Apartment Sales Up 42% in January Freddie Mac Predicts Strong 2015 Apartments Maintain Strenght as 2015 Begins CRE Lenders See More Liquidity, Aggressive Underwriting in 2015 National Apartment Vacancy Dips to 4%Cap Rates Defy Logic as Rent Growth Looks Up Americans Paid $441 Billion in Rent in 2014 The Future of Apartment Cap Rates Oil Plunge Sparks Concern of Real Estate Slowdown in U.S. Energy Centers Including Texas Apartment Rent to Outpace Inflation Next Year 2014 Apartment Market was Strong, Says Axiometrics Job Growth, Rent Growth: A Matched Pair The Effect of Stock Market Volatility on Real Estate Apartment Sales Could Edge Past \'07 Totals REITs Outperform Stocks in January Tech Firm Relocation Would Bring up to 1,000 Jobs to DFW Feds Yellen Continues Bond-Buy Cuts Marcus and Millichap Releases the 2014 National Apartment Report. Click Here to Access The Year Ahead in Multifamily Apartments Gain Momentum in Second Quarter Mortgage Rates Slide as Fed Maintains Stimulus For Real Estate Investors, The Right Time is Now State of Multifamily Debt Finance Real Estate Professionals Agree the Economy Is On The Rise How To Boost Your NOI

DFW Multifamily Advisory Services

The Silva Team of Marcus & Millichap has a purpose that is fully consistent with Marcus & Millichap’s mission to help our clients create and preserve wealth by providing the best real estate investment sales, financing, research and advisory services available. Our objective as a team is to take that valuable proposition and focus our efforts completely on creating unparalleled value for multifamily investors in the Dallas/Fort Worth area.

As multifamily brokers, our team possesses a unique set of skills to obtain the highest possible value on a disposition, or to find the most appropriate fit for a new acquisition. However, we go far beyond traditional brokerage by offering a comprehensive suite of services, skills and long standing relationships with local and national vendors that give our clients a significant advantage in executing their business objectives in Dallas/Fort Worth.

Whether your goal is to increase your NOI, make your property more competitive in its rental market, find the right investment opportunity, the right lender, or to obtain the highest market value for your property, our commitment to you is to fully align ourselves with you to represent your best interests, not our own, in a rapidly changing and dynamic marketplace.