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Texas  + Dallas-Fort Worth  + Apartments  | 

Starboard Realty Acquires 140-Unit Apartment Property in Fort Worth

Starboard Realty Advisors has acquired Presidio at River East, a 140-unit garden-style community in Fort Worth. The sales price was not disclosed.

Located at 2413 Race Street, the Presidio is approximately three miles from downtown Fort Worth. The property consists of a mix of studio, one- and two-bedroom apartment units with stainless steel appliances, smart home technology, in-unit washer & dryer and patio/balcony or private yards. Community amenities include a resort-style pool with views of downtown Fort Worth, outdoor kitchen/dining area, fitness center and a dog park with washing station. At the time of sale, the Presidio was fully leased.

Drew Kile, Joey Tumminello, Michael Wave, Taylor Hill, Jeff Kindorf and Will Balthrope of IPA represented the seller, a Dallas-based developer, in the transaction.

“The investment opportunity that the Presidio presents is exciting as Fort Worth’s population has increased by more than 22% during the past 10 years, leading to a large demand in housing,” said Steve Carlton, COO at Starboard. “16 Fortune 500 companies reside in the Dallas-Fort Worth area promising economic strength that will continue to attract new residents.”

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Starboard’s Carlton

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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