Weidner Acquires 350-Unit Dallas-Area Community
Fort Worth's central business district is within walking distance of the property.
Weidner Apartment Homes has acquired Firestone at West 7th Apartments, a 350-unit multifamily community in Fort Worth, Texas. According to Yardi Matrix information, The Connor Group sold the asset and the buyer financed the purchase with a $50.2 million Fannie Mae loan.
Built in 1999, the property is located at 1001 W. Seventh St., with walking distance of Fort Worth’s central business district, which encompasses about 14 million square feet of office space and more than 1,400 firms, according to Weidner. Positioned 1 mile from the property is the Fort Worth Medical District, which includes more than 20 hospitals offering 40,000 medical jobs.
The 12-building asset includes a mix of garden-style and mid-rise structures. The community offers luxury one and two-bedroom apartments as well as townhomes, with unit sizes ranging from 641 to 1,581 square feet. All units feature granite countertops, stainless steel appliances, designer finishes and in-unit laundry, with select floorplans also offering built-in bookshelves, wood-burning fireplaces and attached garages.
Resident amenities encompass an outdoor pool, spa, two-story fitness center, 24-hour indoor half-basketball court and dog park as well as entertainment spaces such as a clubhouse, community center and business center.
The purchase of Firestone at West 7th Apartments marks an addition to Weidner’s already extensive Texas portfolio as the 38th community in the state and the 13th in the Metroplex. Weidner entered metro Dallas last year, with the acquisiton of two assets totaling 700 apartments.