Busboom Group & Archwood Real Estate Acquire Multifamily Property In Fort Worth With Institutional Property Advisors

The multifamily property located at 1424 Summit Ave in Fort Worth has been sold in a recent transaction. The property consists of 372 units and was part of a closed sale.

Summary of transaction details

• Property Type: Multifamily
• Transaction Date: 01/26/2022
• Address: 1424 Summit Ave
• Market: Fort Worth
• Units: 372

The buyers in this transaction were Busboom Group and Archwood Real Estate, while the sellers were Trammell Crow Residential and Phoenix Capital Management LLC. The deal was facilitated by the brokers Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Jeffrey Kindorf, and Will Balthrope from Institutional Property Advisors (IPA) - Marcus & Millichap.