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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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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