Panther FW Investments purchases two property portfolioMay 17, 2013
Panther FW Investments LLC has purchased a two-property, multi-family portfolio in Fort Worth from an out-of-state owner. The portfolio consists of 528 units in two operating communities.
Bent Tree and Country Place are located in the southeast quadrant of the intersection of Interstate-30 and Loop 820 along Normandale Street on Fort Worth’s west side. The properties were built in 1985 and 1986, respectively.
Panther’s business plan is to push rents to current market while enhancements to the exterior and significant interior unit upgrades are completed. The purchase price was not disclosed.
Panther FW Investments LLC, formerly known as Panther Transaction Group, is a private real estate investment company formed for the purpose of investing in opportunistic commercial real estate transactions. Panther makes direct acquisitions and invests in third-party real estate joint ventures. The company includes Tommy Pigg, Doug Kincaid, Ty Smith and Ben Loughry and is based in downtown Fort Worth.