FORT WORTH—Miami-based Lloyd Jones Capital, a multifamily investment firm, has acquired Carol Oaks Apartments in east Fort Worth.

The firm plans to upgrade and re-brand the 224-unit community, located at 7412 Ederville Road.

“We are excited to re-brand Carol Oaks to our new Vibe model – a new concept for work force housing,” Chris Finlay, chairman/CEO of Lloyd Jones, told GlobeSt.com. “Our Vibe communities will be fun and hip with the latest in technology for our residents' use. The Vibe will offer a new experience in apartment living.”

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