Rise48 Equity Acquires 220-Unit Fielder’s Glen Multifamily In Arlington

The property involved in the transaction is a 220-unit multifamily asset located at 3601 Fielders Glen Drive in Arlington, Texas. Spanning 10 acres, the property is strategically positioned near key amenities like Veterans Park, Interstate 20, and The Parks Mall at Arlington.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 220
• Market: Arlington
• Buyer: Zach Haptonstall - Rise48 Equity
• Seller: Janet Lepage - Western Wealth Capital
• Brokers: Al Silva & Ford Braly - Marcus & Millichap
• Mortgage Brokers: Brandon Brown - Marcus & Millichap

Al Silva and Ford Braly from Marcus & Millichap's Fort Worth office facilitated the listing of the property and successfully secured a buyer, Rise48 Equity. Brandon Brown of Marcus & Millichap Capital Corporation was instrumental in arranging the acquisition financing for the transaction. The new owners have outlined plans to make significant investments in enhancing both the physical and operational aspects of the property to appeal to renters in the area, leveraging its prime location in Arlington.