Marlin Spring US Realty Sells 452-Unit Multifamily Community In Fort Worth, Texas

The property asset involved in the transaction is Centreport Lake, a multifamily community comprised of 452 units located at 14301 Center Station Drive in Fort Worth, Texas. The property spans 24 acres and was built in 2008. It holds a strong occupancy rate of 91%, attracting institutional interest due to its potential for value-add renovations and favorable financing conditions.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 452
• Acres: 24
• Market: Fort Worth, TX
• Seller: Marlin Spring US Realty
• Brokers: Richard Furr, Brian Murphy & Brian O’Boyle Jr - Newmark
• Mortgage Brokers: Henry Stimler & Ricky Warner - Newmark

The transaction was facilitated with Newmark representing the seller, Marlin Spring US Realty, while also arranging acquisition financing and equity capitalization for the buyer. The brokers involved played a crucial role in navigating the deal, ensuring a smooth transaction process.