Tyler, Texas — Marcus & Millichap has arranged the sale of The Reserve, a 324-bed student housing community located near the University of Texas at Tyler.
Evan Burke, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the seller, an out of state private investor, in the transaction. A well-known higher education system in Texas acquired the asset. Marcus & Millichap’s brokerage platform helped navigate through the unique requirements the school had in order to utilize the property for student housing, and helped handle the negotiation between the buyer and the seller. Additional information on the transaction and the community was undisclosed.