Houston Firm Buys Fort Worth Apartments, Market briefs

The 209-unit Venue at Hometown apartment in Fort Worth has been purchased by Venterra Realty of Houston.

In Fort Worth, Venterra Realty of Houston has purchased Venue at Hometown, a 209-unit multifamily community in the Fort Worth suburb of North Richland Hills.

Holliday Fenoglio Fowler arranged purchase financing, seven-year, 4-percent fixed-rate loan with a life insurance company. The property is 94 percent leased.

Venterra, with offices in both Houston and Toronto, employs more than 500 people and manages a 17,000-unit portfolio.

Venue at Hometown is located at 9012 Courtenay Street less than three miles northeast of Loop 820 and North East Mall in Richland Hills. The property offers a mix of one-, two- and three-bedroom residential units situated around a landscaped center courtyard along with approximately 20,000 sq ft of ground-floor retail. Community amenities include a swimming pool with sundeck, fitness center with flat-screen televisions, clubhouse and business center. The property is 94 percent leased.

The HFF debt placement team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels.