Exclusive: Alliance Residential Acquires Fort Worth Asset
This is the first time the community has changed hands since its completion in 2023.
Alliance Residential Co. has acquired Northpark Landing, a 226-unit multifamily property in Fort Worth, Texas, according to Yardi Matrix information. Sankalp Developers sold the asset.
The buyer took out a $32 million permanent loan from Invesco Real Estate, the same data provider shows. This is the first time the property traded since coming online in 2023, when Sankalp completed it using a $32.5 million construction note.
Located at 9001 N. Beach St., the community is close to multiple dining and retail options, including Alliance Town Center. Downtown Fort Worth is within 14 miles, while Dallas is 36 miles away. DFW International Airport is 20 miles east.
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The property comprises six three-story buildings spread across almost 15 acres. The unit mix encompasses one-, two- and three-bedroom floorplans ranging from 695 to 1,503 square feet. Apartments include private balconies or patios.
Common-area amenities include a swimming pool with cabanas and tanning ledge, fitness center, outdoor grilling area, dog park and washing station. The property also has a resident lounge, EV charging stations and a gaming area.
Metroplex multifamily investments keep steady
Dallas-Fort Worth ranked second nationally for multifamily transaction volume last year, with almost $4.4 billion in assets trading. The metro saw 56,637 units changing hands. This was an improvement over 2024’s figures, when 49,447 apartments were traded for $4.2 billion.
This momentum is set to carry into 2026, as well. In February, Kushner Cos. purchased Eastline Residences, a 330-unit luxury community in Dallas. That asset also traded for the first time since its 2021 completion by Convexity Properties.
