Tuesday, February 2, 2016
Block Funds & Block Multifamily Group Closes on Acquisition of Trinity Bell Gardens
Block Funds and Block Multifamily Group (BMG) recently closed on the acquisition of Trinity Bell Gardens, a 240-unit luxury multifamily community located in Fort Worth, Texas.
"With low unemployment and the strong rent growth of Fort Worth, coupled with Trinity Bell being a newly constructed property, we feel that the positives in the marketplace will only accelerate the success of Trinity Bell Gardens," said Bill Larson, CPM, and President of BMG.
Trinity Bell Gardens was built in 2012 and boasts unique features like its "Big House" design. With an average unit size of 1,086 square feet and top-of-the-market interiors like stainless steel appliances and granite countertops, Trinity Bell Gardens is the prime multifamily complex in the area.
"We are excited to add Trinity Bell Gardens to our portfolio, which has grown to over 6,500 units since our first multifamily acquisition in January 2013," said Ken Block, Managing Principal of Block Real Estate Services.