Marlin Spring US Realty Sells 452-Unit Multifamily Community In Fort Worth For Undisclosed Amount

The transaction involved a multifamily asset comprising 452 units situated on 24 acres at 14301 Center Station Drive in Fort Worth, TX. The 91%-occupied community is located within the CentrePort submarket.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 14301 Center Station Drive
• Market: Fort Worth, TX
• Units: 452
• Acres: 24
• Seller: Marlin Spring US Realty
• Broker Representatives: Richard Furr, Brian Murphy, Brian O’Boyle Jr - Newmark
• Mortgage Brokers: Henry Stimler, Ricky Warner - Newmark

Newmark arranged the sale, acquisition financing, and equity capitalization of this multifamily community, providing key representation for the seller. The continued capital market activity for stabilized multifamily assets in the Dallas-Fort Worth region is underscored by this transaction.