Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Mag & May, a 240-unit apartment property in the Magnolia Urban Village community of Fort Worth, Texas.
The property is highly walkable and located on W Magnolia Avenue, which is lined with high-end restaurants, bars, breweries, coffee shops and boutiques.
The expanding JPS Health Network is adjacent to the property. Additionally, the asset is one mile from Downtown Fort Worth and a 15-minute commute to NAS Fort Worth Joint Reserve Base and Lockheed Martin. Built on two acres in 2o19, Mag & May’s amenities include an infinity-edge pool with downtown views, an outdoor social lounge, and a spacious interior courtyard.