New call-to-action
Connect Events

Whether digital or in-person, Connect Events set the stage to bring together relevant content with CRE’s most active players to engage, influence and inform.

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Apartments  | 

WAK Management Ends Two-Decade Hold on Apartments at Fountains Corner

WAK Management ended its 20-year hold on the Apartments at Fountains Corner, a 418-unit apartment complex in Fort Worth. The Lewisville, TX-based WAK sold the 62-building property at 5046 Hildring Dr. East to a Texas-based private investment group.

Al Silva of Marcus & Millichap represented the seller in the transaction, and secured the buyer. The property, situated on 18.5 acres, was marketed for four weeks, attracting 10 offers from investment groups nationwide. The sale closed approximately 90 days after agreement was reached between buyer and seller. The new owners are planning a multimillion-dollar renovation program to renovate exteriors, common areas and unit interiors.

Apartments at Fountains Corner offers one, two and three-bedroom units. Community amenities include resort-style swimming pools, on-site laundry facilities and courtyards and gardens.


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Connect With Marcus & Millichap's SilvaConnect With WAK Management

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