Brazos Residential
Brazos Residential, LLC, a Dallas-based real estate private equity firm specializing in multifamily investments, announced this week the acquisition of a two-property portfolio in Benbrook, marking the firm's 12th transaction in 2022.
The 334-unit portfolio consists of two communities constructed in the 1980s — Clear Fork Trail, and Trinity Oaks. The properties are directly adjacent to Fort Worth Country Day School and are surrounded by retail communities, including Whole Foods and Neiman Marcus.
"Brazos — along with its partners — was able to circumvent the standard bidding process, and its associated cost premium, by acquiring the 'Benbrook Two-Pack' completely off-market,” says Brazos co-founder and Managing Partner William Hancock in a statement. “Our team knows the metroplex extremely well. My business partner, James Roberts, and I have transacted on over 80,000 units across DFW in our previous roles as multifamily and debt brokers.
“Clear Fork Trail and Trinity Oaks present an incredible opportunity for our partners in one of the best real estate markets in the country."
Founded in 2022, Brazos Residential owns, operates, and manages multifamily real estate assets for institutional and high-net-worth investors across the country. Brazos holds over 2,000 multifamily units across the American Sun Belt, predominately in Texas and North Carolina. The firm employs a dynamic team of real estate, private equity, accounting, and capital market professionals and controls more than $263 million in multifamily real estate investments.