55 Acres Acquired for North Fort Worth Rental Home Subdivision
HPI Real Estate Services acquired the southeast corner of Bonds Ranch road and Blue Mound Road. They plan to develop 829 multifamily units on the property. It includes 636 multifamily rental units and 193 single-family rental units with attached garages and yards. Community amenities will include clubhouses, large pools, pickleball courts and walking trails.
HPI’s Tim Shaughnessy says the numbers are with him, “We are focused on growing our North Texas portfolio as it is one of the strongest real estate markets in the country. Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental. housing.”
Rental homes are becoming more popular due to higher interest rates and historically high home prices.