Springtown & Azle Portfolio

Northwest Fort Worth Corridor

Closed on: 08/19/2026 Press Release

Property overview

NRSF: 150,980

Immediate Scale with Embedded NOI Growth – 950 units across two proximate assets allow a buyer to implement professional management, reduce concessions and bad debt, and drive occupancy toward stabilized levels, producing measurable NOI expansion.

Replacement Cost – The blended basis per rentable square foot is roughly equivalent to today’s development cost, offering downside protection while capturing upside through operational execution.

Defined Cap Rate Expansion Opportunity – Stabilization through improved economic occupancy and rate optimization creates the potential for meaningful yield growth and exit cap compression.

Email Us: Danny.Cunningham@marcusmillichap.com

Call Us: (817) 932-6141

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View Offering Memorandum

Springtown & Azle Portfolio

August 19, 2026

Posted in Closings 2026