Comunidad Realty Partners Acquires Property In Fort Worth Represented By Brian O’Boyle Jr

The property involved in this transaction is Metro 7000, a 206-unit affordable housing community located at 7000 John T White Rd, Fort Worth, TX. The project is designed to be 100 percent affordable, with restrictions ensuring that units are available at or below 80 percent of the area median income (AMI). Amenities at the property include a pool, clubhouse, sports court, and a dog park.

Summary of transation details:

• Property Type: Affordable Housing
• Transaction Amount: Not disclosed
• Address: 7000 John T White Rd, Fort Worth, TX
• Market: Fort Worth
• Seller's Representative: Brian O’Boyle Jr-Newmark
• Buyer: Comunidad Realty Partners
• Seller: Not disclosed
• Income restriction: 20 percent of units reserved for renters earning 60 percent or less of AMI

Richard Furr and Brian O’Boyle Jr. of Newmark represented the undisclosed seller in the transaction. Comunidad Realty Partners, the buyer, will implement a value-add program that focuses on enhancing unit interiors and building exteriors.