Equity Partnership Holdings and Moses Tucker Partners have jointly acquired Northpoint Villas, a 276-unit property in Fort Worth, for $52.5 million from SPI Advisory. This marks the second collaboration between the two companies on a Dallas-Fort Worth apartment purchase. They plan to make further acquisitions in 2024 and 2025.
Chris Moses of Moses Tucker Partners stated that the DFW Metroplex is an ideal location for their firm’s strategic expansion due to its strong population growth and economic stability.
Significant improvements are scheduled for Northpoint Villas, including new exterior paint, roofing upgrades, enhanced outdoor amenities, and a complete renovation of the clubhouse which will feature an innovative indoor-outdoor community space as well as updated fitness and common areas.
Valiant Residential will continue to manage Northpoint Villas under their property management services to ensure continued quality service for residents.
