Dallas Buyers Snap Up Columbus Apartments and Neighboring Townhomes

Marcus & Millichap finalized the sale of The Gemma, a new-construction, mixed-use, 24-unit apartment property with retail located in Columbus, OH. Deal terms weren’t disclosed. The transaction also included the neighboring Carriage House, a new-construction two-townhome building. 

Matt Snyder and Lisa Sickinger, investment specialists in Marcus & Millichap’s Cincinnati office, marketed the property on behalf of the seller, a limited liability company. The buyer is a partnership between Maitland Property Management and ARZ Realty Capital, both from Dallas.  

Maitland Property Management has taken over as the property manager for both The Gemma and The Carriage House. The financing was arranged by Ari Raskas of ARZ Realty Capital. 

The Gemma is located at 1131 Oak St. in Columbus’ Olde Towne East neighborhood. Olde Towne East is going through major renovations due to steady growth resulting from new young families moving into the area.  

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