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Texas  + Dallas-Fort Worth  + Apartments  | 

IPA Brokers Sale of 140-Unit MF Property in Fort Worth

Institutional Property Advisors (IPA) has brokered the sale of Presidio at River East, a 140-unit multifamily community near downtown Fort Worth.

The community consists of studio, one- and two-bedroom units. Features include stainless steel appliances as well as washers and dryers and private balconies/patios or yards. Community amenities include a pool, fitness center, outdoor kitchen and a dog park. At the time of sale, the community was fully occupied.

Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Jeff Kindorf and Will Balthrope of IPA brokered the transaction. The seller was an undisclosed Texas-based developer. The buyer was California-based Starboard Realty Advisors.

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Inside The Story

IPA’s Kile

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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