Institutional Property Advisors Sells 374-Unit Cortland Riverside Multifamily In Fort Worth

The transaction involved the sale of Cortland Riverside, a multifamily property located at 6032 Travertine Lane in Fort Worth, Texas. This asset features 374 units and was built in 2020, with an average occupancy rate of 95% and views overlooking a golf course.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 374
• Address: 6032 Travertine Lane
• Market: Fort Worth
• Occupancy Rate: 95%

The sale was brokered by Institutional Property Advisors, a division of Marcus & Millichap. Key individuals involved in the transaction include Drew Kile, Michael Ware, Taylor Hill, Joey Tumminello, and Shelby Clark, who facilitated the arrangement of the deal.