Weidner Apartment Homes Acquires Monterra Village Multifamily Asset In Fort Worth From Hillwood Multifamily

The sale involved a multifamily property consisting of 550 units situated on 35 acres at 8301 Monterra Boulevard in Fort Worth, Texas. This property, known as Monterra Village, was built in two phases between 2008 and 2013, featuring upscale amenities and strategic proximity to Alliance Town Center and significant employers within the AllianceTexas development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 550
• Acres: 35
• Buyer: Dean Weidner - Weidner Apartment Homes
• Seller: Ross Perot Jr. & Todd Platt - Hillwood Multifamily
• Brokers: Cameron Purse, Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill & William Hubbard - Institutional Property Advisors

The deal was facilitated by Institutional Property Advisors, who played a crucial role in connecting the buyer, Weidner Apartment Homes, with the sellers, Ross Perot Jr. and Todd Platt of Hillwood Multifamily. This transaction showcased a value-add investment opportunity in the Fort Worth market.