FORT WORTH–Marcus & Millichap has sold a westside Fort Worth apartment complex, Ridgmar Square. The terms of the sale were not disclosed.

Al Silva, senior director of Marcus & Millichap's national multi-housing group in Fort Worth, had the exclusive listing to market the property on behalf of the seller, a private investor from Washington State. The buyer, a Texas-based investment group, was also secured by Silva.

“We generated a half-dozen offers during a four-week marketing process and the transaction closed within 75 days of agreement on terms,” says Silva. “The new owner plans to invest more than $3 million in renovations that will substantially improve the product this property offers to the local rental market.”