Wednesday, January 19, 2022
54 F
Fort Worth

Fort Worth apartment property sold

🕐 1 min read

Marcus & Millichap (NYSE: MMI) on Monday, April 27 announced the sale of Regency Oaks, a 100-unit apartment property located in Fort Worth, according to Mark R. McCoy, Regional Manager of the firm’s Fort Worth office.

Al Silva, senior managing director Investments in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller, Canada-based Republic Funds.  The buyer, a Texas-based limited liability company, was also secured by Silva.  The property attracted multiple offers over a four-week marketing period and closed less than 60 days after an agreement was reached between buyer and seller.  Despite an unsuccessful marketing effort by a competing firm late last year and complications related to the COVID-19 crisis, the Silva Multifamily Team was able to get this transaction across the finish line. The new owners will invest a significant amount of money into improvements to common areas and unit interiors, thus making Regency Oaks a more attractive option for area renters. 

Regency Oaks is located at 2121 Handley Drive in Fort Worth.  Situated southeast of the Interstate 30/Loop 820 Interchange, the property is less than 15 minutes from both Downtown Fort Worth and AT&T Stadium, Texas Live!, and the new Texas Rangers Stadium, which are strong employment drivers in the area.

Related Articles

Our Digital Sponsors

Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.