Marcus & Millichap has arranged the sale of Trinity Park Apartments, a 490-unit multifamily community in North St. Louis. The firm ran the disposition through an online live bid auction, using its internal auction services platform to bring the asset to market and complete the transaction. The property is identified as a value-add opportunity, with the buyer expected to focus on improving occupancy and capturing upside through lease-up.
Ryan D. Engle, senior managing director investments with Marcus & Millichap, described Trinity Park Apartments as presenting a significant value-add proposition for investors. He noted that the asset’s below-market occupancy provided a substantial lease-up opportunity for the incoming ownership. This framing positioned the sale as a chance for investors to pursue operational improvements rather than a fully stabilized, core investment.
The listing assignment for Trinity Park Apartments was handled exclusively by a Marcus & Millichap investment sales team. Engle, together with Andrean Angelov and Aaron Kuroiwa from the firm’s Chicago Oak Brook and Indianapolis offices, led the marketing effort on behalf of the seller. The team was responsible for positioning the property to prospective buyers and guiding the asset through the auction process.
On the buy-side, Engle and Angelov, working alongside Mike Cusick from Marcus & Millichap’s St. Louis office, secured the purchaser of the asset. The brokerage team collaborated with Marcus & Millichap auction services professionals Adam Sklaver and Philip Kates to broaden investor outreach and support the execution of the online auction. This coordination tied together local market expertise, regional investment sales specialists, and the firm’s dedicated auction platform.
Trinity Park Apartments is located at 11065 Dunklin Drive in North St. Louis and occupies 24.08 acres. The community is composed of 34 residential buildings, providing scale within its submarket. The unit mix includes 285 one-bedroom residences and 205 two-bedroom residences, reflecting a blend of smaller and larger formats that can appeal to a range of renters.
The transaction highlights continued activity in the North St. Louis multifamily sector, particularly for properties where occupancy and operations can be improved by new ownership. While specific pricing, buyer identity, and seller information were not disclosed, the deal underscores the role of auction formats in matching value-add capital with properties that offer room for operational and leasing upside.
