FORT WORTH – Comunidad Partners has acquired Metro 7000, a 206-unit affordable housing community at the northeast intersection of I-820 and I-20.
The firm will implement a value-add program to the property, which has a pool, clubhouse, sports court, clubhouse, and dog park.
The project is fully affordable, with all units reserved for those making below 80 percent of the area median income. It also has an income restriction that requires a minimum of 20 percent of the units be reserved for renters earning 60 percent or less of area median income.
Newmark represented the seller. Comunidad Partners was self-represented.
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Source: REBusiness Online