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Texas  + Apartments  | 

TwinkleStar Asset Sells Fort Worth Multifamily Properties

Orion Properties acquired Villas Del Sol and Wedgewood, two Class B apartment complexes totaling 104 units and 118 units, respectively. Both assets are in the same Fort Worth neighborhood, one-half mile apart from the other. TwinkleStar Asset sold the Class B properties for an undisclosed price. Al Silva and Dan Mullen with Marcus & Millichap brokered the transaction.

Villas Del Sol at 6100 Westcreek and Wedgewood at 2819 Walton Ave. attracted 13 offers during a five-week marketing period. While potential buyers bid on the properties on an individual basis or as a package, the seller ultimately chose to sell them as a package.

The new owner plans to change the properties’ management and implement a capital improvement program to boost curb appeal and make units more appealing to area renters.

Pictured: Villas del Sol, Fort Worth

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition