TMG, a commercial real estate brokerage firm based in Dallas, has recently announced the successful sale of The Regency – a 100-unit rental community located in Paris, TX.
Yonnic Land, Managing Director at TMG represented the seller – Tyler and Tim King from Quiet Capital. The buyer was procured by Michael Svatko.
Land stated that the property had an attractive long-term loan which was assumed by the new buyer. TMG marketed the property for 30 days and received multiple offers that exceeded the seller’s expectations.
The Regency is situated at 2526 Lamar Ave and was built in 1985. It offers amenities such as a laundry facility and a swimming pool with sundeck and picnic table. Its convenient location places it just three miles away from Paris Regional Medical Center while Paris Junior College is only one mile away. Residents also have easy access to Wade Park as well as various national retailers within walking distance.
Quiet Capital has successfully sold off its asset of The Regency – a popular rental community consisting of 100 units located in Paris.
