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Arthouse Condos

29 Condos in So7 District in Fort Worth

Date Acquired/Sold: December 2010/last sale June 2013

Redevelopment Summary: The 29-unit inventory of Arthouse Condos in So7, an upscale neighborhood near the Cultural District, was acquired from the lender shortly after foreclosure. The investment required assuming responsibility for holdover construction issues at the 65-unit project, and temporary control of the condo association with the cooperation of 36 existing owners. Model units were readied for marketing and exterior repairs completed with a $250,000 investment. After executing our repositioning strategy and fresh marketing plan, the last of the units was sold in June 2013.

255 N. Center Street | Suite 200 | Arlington, TX 76011 | 817.226.5000