HPI Acquires 55 Acres to Build 829 Multifamily and Single Family Rental Units in North Fort Worth

DALLAS–(BUSINESS WIRE)–Davidson Bogel Real Estate (DB2RE), a leading land brokerage firm based here, announced the sale of 55 acres in north Fort Worth.

HPI Real Estate Services & Investments (HPI), headquartered in Austin, Texas, acquired the property at the southeast corner of Bonds Ranch Road and Blue Mound Road. HPI’s plans include:

Approximately 636 multifamily rental units.
Approximately 193 single-family rental units with attached garages and yards.
Amenities will include clubhouses, resort-style pools, pickleball courts, and walking trails.
“We are focused on growing our North Texas portfolio as it is one of the strongest real estate markets in the country,” said Tim Shaughnessy, President of HPI Multifamily. “Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental housing. We look forward to breaking ground in early 2023 and residents moving into both our apartments and single-family homes the following year.”

Collins Meier, Ryan Turner, David Davidson Jr., and Edward Bogel of Davidson & Bogel Real Estate brokered the transaction. Click to read more at www.fortworthreport.org.