
Canadian Owner Divests Fort Worth Apartments
Marcus & Millichap closed on the sale of Regency Oaks, a 100-unit apartment property in Fort Worth, for an undisclosed sum. The firm’s Al Silva marketed the property on behalf of the seller, Canada-based Republic Funds, and procured the buyer, a Texas-based limited liability company.
Despite an unsuccessful marketing effort by a competing firm late last year, and complications related to the COVID-19 crisis, the Silva Multifamily Team was able to complete the deal. The new owners will invest a significant amount of money into improvements to common areas and unit interiors.
Regency Oaks is located at 2121 Handley Dr. in Fort Worth. Situated southeast of the Interstate 30/Loop 820 Interchange, the property is less than 15 minutes from both downtown Fort Worth and AT&T Stadium, Texas Live! and the new Texas Rangers Stadium, which are strong employment drivers in the area.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition