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Sunday, January 17, 2021

Real Deals: Walsh Development adds Britton Homes

Developers at Walsh, the newly opened master-planned development in west Fort Worth, announced Britton Homes as an additional production and personalized homebuilder for the development’s first phase.

Walsh is the fourth Republic Property Group community to work with Britton Homes, including two that are among the best-selling master-planned communities in the nation. Builders at Walsh are guided by a 130-page pattern book full of architectural styles and floor plans that honor the heritage of Fort Worth’s great neighborhoods, including colonial, Mediterranean and Tudor.

“Britton Homes’ distinctive architecture, personalized features and superior design selections will bring character to the homes at Walsh,” said Jake Wagner, co-CEO of Republic Property Group. “We are excited to partner with Britton Homes on another community and look forward to the versatility, uniqueness and quality they will bring to future residents at Walsh.”

Britton Homes is part of the Perry Homes family founded in 1967. Other RPG communities with Britton Homes include Light Farms in Celina, Philips Creek Ranch in Frisco and The Villas at Legacy West. Britton’s plans for homes at Walsh will include floor plans of 2,800 to over 4,000 square feet at prices starting at the low $500,000’s.

Britton Homes joins David Weekley Homes, Drees Homes, HGC Residential Development, Highland Homes, Toll Brothers and Village Homes in building Walsh’s initial homes. The 587 home sites in the initial development phase range from 3,850 square feet to nearly an acre, and are all within a five-minute walk of a community park.

SALE

Marcus & Millichap announced that it has sold Valencia, a 263-unit apartment property at 7301 Ederville Road in Fort Worth, according to Kyle Palmer, regional manager of the firm’s Fort Worth office.

Al Silva, senior managing director of investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing on behalf of the seller, a Texas-based private investment company. Silva also secured the buyer, a Dallas-based investment company.

The property attracted 28 property tours and 16 offers during a four-week period and closed about 60 days after an agreement was reached between buyer and seller. The buyer plans to make renovations to the property and position it as a leader in the area rental market.

Silva and Ford Braly, senior associate in the Fort Worth office, also have sold The Bristols, a 94-unit apartment property at 825 Norwood Dr. in Hurst. After three weeks of marketing, the Silva Team conducted 28 property tours and collected 14 offers, of which 10 were above the initial listing price. The buyer, a local partnership, was secured by Silva, Braly and Mark McCoy, associate in Marcus & Millichap’s Fort Worth office.

Send real deals to Robert Francis at rfrancis@bizpress.net.

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