(Garland, TX) Mark Porterfield, Senior Vice President of the Investments and Land Division for Henry S. Miller Brokerage, and Robert Henry, an associate in the same division, represented JMY Investments in the sale of The Hickory Apartments in Garland, TX, to Blackwood Developments, a Dallas-based investor and developer.
The 68-unit apartment complex is located at 320 South Jupiter Road. Built in 1963, the courtyard style community offers a mix of one-and two-bedroom units. A comprehensive renovation package including interior finish and appliance upgrades will be completed over the next year. Blackwood Developments was self-represented in the purchase of The Hickory Apartments.
“The Hickory is a great property with tremendous upside potential in a low vacancy market,” noted Mr. Porterfield. “The previous owners are a husband and wife team who have owned and self-managed properties for more than 20 years. We guided them through the marketing and transaction process and were able to bring them a great price for this asset. There’s enormous satisfaction in helping investors realize the fruit of their own labor.”
About Mark Porterfield
Mark Porterfield is Senior Vice President in the Investments and Land Division of Henry S. Miller Brokerage. He is a multifamily specialist within “C” and “B” class properties throughout the state of Texas, focusing on all aspects of the transaction. Mark began his multifamily career in 1997 with Marcus & Millichap in Dallas, and he has been with Henry S. Miller Brokerage since 2002. Over the years, Mark has closed hundreds of transactions for all types of multifamily properties.
About Robert Henry
Robert Henry is an associate in the Investments and Land Division at Henry S. Miller. As the first graduate of the one-year rotational HSM Broker Trainee Program, Robert worked with lead brokers in a number of divisions at Henry S. Miller before joining the Investments and Land Division in 2014. Originally from Little Rock, Arkansas, Robert earned a B.A. in Commerce and Business at Rhodes College in Memphis, Tennessee. He is a member of the North Texas Commercial Association of Realtors (NTCAR).
About Henry S. Miller
Henry S. Miller Cos. is one of the largest independent full service commercial real estate firms in Texas. Our corporate office is based in Dallas and Regional offices are located in Houston, Austin, San Antonio and El Paso-New Mexico. Established in 1914 by Henry S. Miller Sr., it is one of the most respected companies in Texas with a reputation for service and integrity. For nearly 100 years the Henry S. Miller family of companies has provided a complete array of commercial real estate services for both sophisticated investors and those in need of brokerage, property management, financial, development and appraisal services. Our mission is to offer exemplary service and innovation centered around a diverse work force dedicated to achieving real measurable results and long term business relationships.