H.I.G. Realty Partners Originates Loan To Finance 452-Unit Multifamily Property in Fort Worth, TX

H.I.G. Capital (“H.I.G.”), a global investment firm with $48 billion of equity capital under management, has announced that its affiliate, H.I.G. Realty Partners, has originated a loan to finance Centreport Lake Apartments, a 452-unit apartment complex located in Fort Worth, Texas.

The property is being acquired by Marlin Spring, a Toronto-based real estate investment company that acquires, develops, constructs and repositions assets throughout North America. Marlin Spring will execute a capital improvement strategy that will include in-unit and amenity package upgrades. The property is well located, convenient to downtown Fort Worth and uptown Dallas, and offers tenants proximity to all of the area’s employment centers.

“We are excited to be a part of this well-located property,” said Michael Mestel, Managing Director at H.I.G. Realty Partners. He added, “We are looking forward to seeing Marlin Spring’s vision come to fruition and create an apartment product that we expect will be well received.”