HPI Real Estate Services & Investments has acquired 55 acres in north Fort Worth, located at the southeast corner of Bonds Ranch Road and Blue Mound Road, and plans to develop a residential community.
HPI’s plans include approximately 636 multifamily rental units; approximately 193 single-family rental units with attached garages and yards; and amenities including clubhouses, resort-style pools, pickleball courts and walking trails.
“We are focused on growing our North Texas portfolio, as it is one of the strongest real estate markets in the country,” said Tim Shaughnessy, president of HPI Multifamily. “Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental housing. We look forward to breaking ground in early 2023 and residents moving into both our apartments and single-family homes the following year.”
“The demand for rental product continues to accelerate, with growth in rente