Texas

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. 

AUBREY, TEXAS — Texas-based investment firm SPI Advisory has purchased Encore 380, a 416-unit community in Aubrey, roughly 50 miles north of Fort Worth, Texas. Eastdil Secured represented the undisclosed seller in the transaction. The property was originally built in 2017 as Century 380. Encore 380 offers a mix of one-, two-, three- and four-bedroom units featuring stainless steel appliances, granite countertops, kitchen islands and washer/dryer connections. Select residences also include private yards. Amenities include a pool, fitness center, clubhouse, playground, computer lounge, dog park, package lockers and outdoor grilling …

FORT WORTH, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of Vantage at Burleson, a 288-unit property in Fort Worth. Will Balthrope, Drew Garza, Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Cameron Purse of IPA represented the seller, Vantage Communities, and secured the undisclosed buyer. Completed in 2024, Vantage at Burleson is a three-story, garden-style property with a resort-style pool and two dog parks. The average unit size is 856 square feet.