Metro 7000, a 206-unit affordable housing community in Fort Worth, TX |
Antonio Marquez |
“Forth Worth is a market that has undergone tremendous growth over the last few years and is closely aligned with our investment strategy,” says Antonio Marquez, Managing Partner at Comunidad Partners.
“Metro 7000 is a perfect fit for our affordable
strategy and ESG / social impact focus as it’s located in a predominantly
minority, underinvested area yet is dynamic and poised for growth.
"Our core investment focus is identifying,
acquiring, and sourcing affordable and workforce housing in culturally diverse
neighborhoods positioned for long-term growth throughout the sunbelt region.
"In
fact, Fort Worth is in the top 2% for the most diverse places to live in
America and has been named as one of the fastest growing
cities in the U.S.”
Richard Furr |
“We take a holistic approach to all of our investments,” explains Marquez.
“We invest beyond the asset itself and truly invest
in our residents. With our specialized cultural management platform, we tailor
programs at our communities to fit the needs and ethnicities within those
communities.
"In doing so, we can build a sense of community
and provide residents with the tools they need for success. This, in turn,
contributes to long-term retention and reduced turnover at the asset.”
Brian O’Boyle Jr. |
Richard Fur and Brian O’Boyle Jr. at Newmark Knight and Frank represented the seller. Comunidad Partners represented itself as the buyer.
Comunidad Partners has owned 30 assets totaling
nearly 7,000 units throughout Texas.
Metro 7000 also features a host of community
amenities including a clubhouse, pool, children’s play area, BBQ and picnic
area, sports court, and a dog park, among many others. It is located at 7000
John T. White Road in Fort Worth, Texas.
CONTACTS:
Katie Haga / Lexi Astfalk
(949) 438-6262
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