The Marquee, Dallas, TX

The Marquee is a 44 unit apartment building in east Dallas constructed in 1960. The Gutow Company, in partnership with DavisRE, acquired the property in November 2013 and after significant capital improvements and 95% lease up, the property sold in June of 2016. Equity partners received a total return of 45% and an IRR of 17% over the 2.65 Year Hold.

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