Private multifamily property owner-operator CONTI Organization has acquired Vine Apartments, a 420-unit community located at 711 Trinity Circle in Arlington, Texas. The seller and the financial terms were not disclosed.
It is the firm’s 43rd acquisition in Texas, increases the company’s current Texas portfolio to 31 properties and more than 9,000 units.
“Vine is another strategic addition to our portfolio and is within a short drive of major employers including American Airlines, Amazon, General Motors, GM Financial, Bell Textron, and others. With unique access to both Dallas and Fort Worth, Vine offers a convenient option to renters who need workforce housing close to employment,” said Stewart Hsu, co-founder and president of CONTI Organization.
Built on 21 acres in 1980, the garden-style property consists of 23 three-story buildings housing one- and two-bedroom units. Amenities include a pool, fitness center, dog park, volleyball court and tennis court
