Jacobson Company Purchases 217-Unit Fort Worth-Area Apartment Asset

The Jacobson Company purchased the Atlantica at Burleson, a new 217-unit multifamily community in the Fort Worth suburb.

Owner Larry Jacobson believes the property has potential, “Because the property welcomed residents while still under construction in November 2021, many of the current occupants signed leases before the common areas were completed. As such, we believe current in-place rents do not reflect the property’s maximum potential revenue.”

Atlantica at Burleson was developed by Sovereign Properties. The garden-style community consists of five three-story residential buildings, all of which are elevator-served. The property offers tenants open floorplans, stainless-steel appliances, wood-plank flooring in common areas, washer/dryer in every unit, private decks or balconies and walk-in closets.

Community amenities include a 24-hour modern fitness studio, outdoor barbeque and gaming stations, a pool with sundeck, dog park, pet spa, cyber lounge, and detached garages.