Source: Brazos Residential
DALLAS, TX - Brazos Residential, a Dallas-based real estate private equity firm specializing in multifamily investments, announces the acquisition of a two-property portfolio in Benbrook, TX, marking the firm's twelfth transaction in 2022.
The 334-unit portfolio consists of two 1980's-built communities, Clear Fork Trail and Trinity Oaks are situated southwest of downtown Fort Worth, in one of the most affluent communities in the DFW metroplex. The properties are directly adjacent to Forth Worth Country Day, one of Fort Worth's most prestigious private schools, and are surrounded by top retailers, such as Whole Foods and Neiman Marcus.
"Brazos, along with its partners, was able to circumvent the standard bidding process, and its associated cost premium, by acquiring the 'Benbrook Two-Pack' completely off-market", explains Managing Partner and Cofounder, William Hancock. "Our team knows the metroplex extremely well. My business partner, James Roberts, and I have transacted on over 80,000 units across DFW in our previous roles as multifamily and debt brokers. Clear Fork Trail and Trinity Oaks present an incredible opportunity for our partners in one of the best real estate markets in the country."