Fort Worth multifamily sale tops $15 million

Los Angeles-based Lagovent Real Estate Group today announced the purchase of a 265-unit apartment complex in Fort Worth, Texas, for $15.1 million.

An unidentified entity sold the property, which encompasses nearly 16 acres.

Lagovent was attracted to the location because of the expected 2.7 percent growth in employment this year, according to a press statement.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.