Institutional Property Advisors Brokers Sale of 250-Unit Alta Firewheel Multifamily Asset in Suburban Dallas
GARLAND, Texas — May 15, 2026 — Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Alta Firewheel, a 250-unit multifamily property in Garland, Texas. Wood Partners was the seller and Pardue Companies was the buyer. Financial terms of the transaction were not disclosed.
Deal Details and Brokerage Team
Joey Tumminello, IPA senior managing director investments, along with Drew Kile, Taylor Hill, Michael Ware, and William Hubbard of IPA represented the seller and procured the buyer in the transaction.
"The property's proximity to Dallas, the affluent Firewheel neighborhood, and transit options appeals to renters, and Garland's tight multifamily vacancy rate relative to other areas of the Metroplex draws investors," Tumminello said in a statement.
Property Overview
Built in 2024, Alta Firewheel is a controlled-access multifamily community offering a resort-style swimming pool, tanning deck, fitness center, lounge, and gaming area. Individual apartments feature open-concept floor plans, washers and dryers, stainless-steel appliances, and large windows.
The property is situated near President George Bush Turnpike, Firewheel Parkway, and the Firewheel Town Center. The CityLine mixed-use development, Dallas Area Rapid Transit's Downtown Garland Station, and the Telecom Corridor are within a short drive. Major employers in the area include The Kraft Heinz Co., The Sherwin-Williams Co., and US Foods.
IPA's Texas Multifamily Platform
IPA operates across Dallas-Fort Worth, Houston, Austin, and San Antonio, offering local market research and sales expertise for investors seeking multifamily investment opportunities in Texas.
"IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin, and San Antonio," said Will Balthrope, IPA executive director.
As a division of Marcus & Millichap, IPA focuses on the acquisition, disposition, and financing of institutional properties and portfolios. Financial terms of the Alta Firewheel transaction, including sale price, price per unit, and cap rate, were not made public.
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