Sapient Capital Group Acquires Property In Fort Worth With Seller's Representatives From Institutional Property Advisors

The sale involved a 240-unit apartment community named Mag & May, located at 315 W Magnolia Ave, Fort Worth, TX. The property was constructed in 2019 and sits on two acres, featuring studio, one-, and two-bedroom units with an average size of 778 square feet. Amenities at the community include a pool, outdoor grilling and dining stations, a fitness center, clubhouse, and package lockers. The market for this property is Fort Worth.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not disclosed
• Address: 315 W Magnolia Ave, Fort Worth, TX
• Market: Fort Worth
• Seller's Representative: Drew Kile, Jeffrey Kindorf & Joey Tumminello - Institutional Property Advisors
• Buyer: Sapient Capital Group
• Size: 240 units
• Year Built: 2019

In this transaction, Institutional Property Advisors represented the seller, Abacus Capital Group. Additionally, Brian Eisendrath, Cameron Chalfant, and Jake Vitta arranged an undisclosed amount of acquisition financing for the buyer through a debt fund.