Stillwater Capital Refinances Fort Worth Apt Community
The property comprises a pair of six-story structures.
Affinius Capital has closed a $55.3 million loan refinancing Stillwater Capital’s Crystal Springs property. The new two-building property totaling 387 units is located in Fort Worth, Texas.
Crystal Springs comprises two six-story structures, as well as two structured parking facilities. The community was constructed in two phases, the first of which was completed in July 2023. The second phase was completed in June. Stillwater Capital partnered with CrossHarbor Capital Partners on the property.
The property offers studios and one- and two-bedroom units with private balconies, walk-in closets, custom cabinetry, full-size washers and dryers, wood-style flooring, stainless-steel appliances and 10-foot ceilings.
Rents in 2024 range from $1,252 to $2,435, according to Yardi Matrix data.
DFW location
The community provides easy access to Fort Worth’s River District and its walking trails, as well as local restaurants and retail. The Lockheed Martin and the Naval Air Station Joint Reserve Base are also in the area. Downtown Fort Worth, the Trinity River Trail, West 7th Shopping District and the revitalized Cedars/Southside neighborhood are also located nearby.
Amenities at the property include a resort-style pool, a private courtyard, a two-story fitness center, coworking spaces, a gaming lounge, dog park, rooftop lounge and speakeasy.
Bellrock Real Estate Partners manages the community.
