IPA Brokers Sale of 450-Unit Apartment Community Near Fort Worth

GRAPEVINE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Asher, a 450-unit apartment community in the Fort Worth suburb of Grapevine. The property was built on 19 acres in 2019 and features studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, business center, resident lounge with a coffee bar, children’s play room, conference room, two dog parks and a demonstration kitchen. Will Balthrope, Drew Kile, Joey Tumminello and Grant Raymond of IPA handled the transaction. The seller and buyer were not disclosed, but the property page indicates that the community has been rebranded as Bexley Grapevine, a brand of Virginia-based Weinstein Properties.

Read the Digital Editions

Southeast Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties