Obsidian Capital Sells 136-Unit Cobble Hill Apartment Community In Fort Worth To Family Office

The property involved in this transaction is the Cobble Hill apartment community, which consists of 136 units situated at 6050 Oakland Hills Drive in Fort Worth. The multifamily asset is part of an active market for residential properties in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 136
• Address: 6050 Oakland Hills Drive
• Market: Fort Worth
• Seller: Obsidian Capital
• Brokers: Al Silva & Ford Braly - Marcus & Millichap
• Mortgage Broker: MMCC
• Financing Amount: $7.5 million

The transaction saw Obsidian Capital selling the property to an out-of-state family office, with Marcus & Millichap facilitating the sale. The new owners intend to implement significant upgrades to enhance the property’s value following the acquisition, supported by financing arranged by MMCC.