The owner of Marlin Square Apartments in Marlin, Texas, has, in accordance with the Right of First Refusal (ROFR), provided proper notice of intent and requests that the Department find a qualified entity who will purchase the development at or above the prescribed price. For the next 90 days, beginning March 8, 2021, Marlin Square Apartments is being made available for purchase to qualified entities who will maintain the low-income provisions on the property. Per Appendix A of the Land Use Restriction Agreement for this property, the ROFR price is the Minimum Purchase Price calculated for the property. The owner has established the Minimum Purchase Price for the property of $388,316.16.
If your organization is in a position and would like to explore purchasing Marlin Square Apartments, please review the property’s information at this link: https://public.tdhca.state.tx.us/pub/T_HF_CLEARINGHOUSE.display_property?v_id=239&v_cmd=inq. Further information, which will allow you to investigate the possibility of making an offer, is provided there. Interested buyers should coordinate with the owner’s representative to schedule a site visit and/or possible inspection of the property. Please be advised that the buyer must agree to operate the property in accordance with the low-income restrictions already in place. The owner will have the choice of any offer at or above the posted ROFR price.