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Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of The Bowery at Southside, a transit-oriented, 303-unit multifamily property in the South Main Village development in Fort Worth.
“The Bowery at Southside benefits from its location within pedestrian-oriented South Main Village and proximity to the Trinity Railway Express T&P terminal and the Near Southside Medical District,” said Drew Kile, IPA senior managing director. “The property’s popularity with renters was clearly demonstrated during a six-month stretch of the lease-up period when it attracted new residents at a pace of 21 leases per month.”