RCM, ArchCo Break Ground on 227-Unit Apartment Community in Fort Worth
FORT WORTH, TEXAS — Irving-based Realty Capital Management (RCM) and Atlanta-based ArchCo Residential have broken ground on The Dylan, a 227-unit multifamily community in Fort Worth. The Class A property will also include 12,212 square feet of ground-floor commercial space. Residential amenities will include a pool and a fitness center. Dougherty Mortgage LLC secured a $31.8 million construction loan for the project through HUD’s 221(d)(4) program, the agency’s flagship program for financing the development and redevelopment of market-rate and affordable housing communities. The Dylan is currently slated for a January 2020 completion.