A Denver private equity firm has scooped up the 589-unit Madera at LeftBank apartment community in Fort Worth’s West 7th district, in a deal reported today. The purchase was financed with a five-year Fannie Mae loan and covers buildings completed in 2018 as part of the larger Left Bank mixed-use development. The transaction ranks among the larger single-asset apartment sales in the Dallas-Fort Worth area so far this year.
According to the Denver Business Journal, the buyer is based in Denver and relied on agency financing to close the acquisition. The outlet reports that the deal used a five-year Fannie Mae facility and that the property is a stabilized, Class-A multifamily community.
Built for West 7th’s growth
The complex was developed by…..