REBusinessOnline

Marcus & Millichap Brokers Sale of 396-Unit Apartment Community in Weatherford, Texas

Lone-Oak-Weatherford-Texas

Lone Oak in Weatherford totals 396 units. The property was built in 2020.

WEATHERFORD, TEXAS — Marcus & Millichap has brokered the sale of Lone Oak, a 396-unit apartment community located in the western Fort Worth suburb of Weatherford. The property was built on 18 acres in 2020. Units feature stainless steel appliances, granite countertops and full-size washers and dryers. Amenities include a pool, clubhouse with a game room and a fitness center. John McGregor, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the buyer and seller, both of which requested anonymity, in the transaction. New York City-based Ready Capital provided a $59.3 million acquisition loan for the deal. The borrower plans to use a portion of the proceeds to fund capital improvements.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties