Empire Group Lands $73M for Fort Worth BTR Project
Construction on the 317-unit property will commence later this month.
Village at Golden Triangle will take shape some 14 miles north of downtown Fort Worth. Image courtesy of Tower Capital
Empire Group has secured $72.9 million in construction financing for the Village at Golden Triangle, a 317-unit single-family rental project in Fort Worth, Texas. Tower Capital arranged the loan on behalf of the developer, who is expected to begin construction later this month.
The community is set to encompass one-, two- and three-bedroom floorplans. Homes will feature in-unit washers and dryers, smart home packages, pet doors and private yards. Community amenities are slated to include a swimming pool, a fitness center, car wash areas, a clubhouse, as well as grilling stations and pet parks.
Located at the intersection of Golden Triangle Boulevard and North Riverside Drive, the property will be close to Interstate 35 and roughly 14 miles north of downtown Fort Worth.
The developer acquired the 48-acre site in 2022 for $16 million, as reported by The Real Deal. The Village at Golden Triangle will spread across 30 acres, with the remaining 18 acres to be sold for office and retail use.
A long-standing SFR commitment
Up until now, Tower Capital secured construction financing and joint venture equity worth more than $1.5 billion for some 7,000 BTR units across 40 properties. In another recent collaboration with Empire Gold, Tower’s brokers secured $62.4 million for a 276-unit development near Austin, Texas. Earlier this year, the two entities worked together to secure construction financing for a 354-unit BTR project in Phoenix.
