NAP to Develop 250-Unit Apartment Complex in Metro Fort Worth
TROPHY CLUB, TEXAS — Cincinnati-based development firm North American Properties (NAP) will develop The Byron at Trophy Club, a 250-unit luxury multifamily complex in Trophy Club, a northern suburb of Fort Worth. The property will feature a 420-space parking garage, resort-style pool and a two-story fitness center. Chicago-based private equity firm Pearlmark originated a $12.2 million mezzanine loan for the development through its mezzanine investment fund, which closed in March. A timeline for construction has not yet been established.