Weidner Apartment Homes, based in Kirkland, Washington, has purchased Monterra Village, a 550-unit apartment complex located in Fort Worth’s fast-growing Alliance Town Center. The property, sold by Hillwood Multifamily, a division of Hillwood, closed on December 18 for an undisclosed amount. Monterra Village spans 35 acres and includes 541,000 square feet of rentable space, offering 1-3 bedroom apartments and townhomes.
Weidner’s acquisition is part of its strategy to expand its portfolio, now totaling over 6,100 units across the U.S. The company is expected to upgrade the apartment interiors, similar to other projects, to boost rental income. Fort Worth’s rising population and strong demand for multifamily housing make this a promising investment.
The Alliance Town Center development surrounding Monterra Village includes over 1 million square feet of retail, office, and restaurant space, as well as two hospital campuses. This growing area offers significant potential for real estate growth, making it an attractive market for investors.
