Investment Sales

SAGINAW, TEXAS — Marcus & Millichap has arranged the sale of Ashton, a 152-unit property in Saginaw, roughly 8 miles north of Fort Worth, Texas. Ford Braly, Al Silva and Dylan York of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private out-of-state investor, and procured the buyer, a local operator. Located at 681 N. Saginaw Blvd., Ashton was built in 1984. The community features one- and two-bedroom apartments with patios or balconies, walk-in closets and fireplaces. Tenants have access to amenities such …

HOUSTON — Lion Real Estate Group LLC (Lion), a Dallas-based real estate investment and asset management firm, has acquired the Villages of Briar Forest, a 241-unit community in Houston. Located at 14504 Briar Forest Drive, the property was built in 1999 and underwent a partial renovation by the previous owner. Lion will continue upgrading the units and overall community. Planned renovations include updating units with new quartz counter tops, vinyl plank flooring, backsplashes, cabinetry and lighting packages. The already-renovated units will see minor upgrades, including quartz countertops in the bathrooms …

HUMBLE, TEXAS — A joint venture between Fogelman Properties and Thackeray Partners has acquired The Fenwick, a 258-unit community in Humble, roughly 20 miles north of Houston. Formerly known as Advenir at Eagle Creek, the property offers one-, two- and three-bedroom apartments. Monthly rates start at $1,094. The community is currently 91 percent occupied and will be managed by Fogelman. The new ownership plans to renovate the property with updates to the interior units, amenity areas, clubhouse, dog park and landscaping.