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Investors' Vision and Cap Improvement Plan Pay Off

FORT WORTH—The Arlington area and other suburbs of Northwest Fort Worth are also garnering healthy investor interest, with first-year returns averaging in the high 5% to mid-6% range.

By Lisa Brown | lisabrown | Updated on December 08, 2016

multifamily Verandas at Cityview is located off the recently opened Chisholm Trail Parkway.

FORT WORTH—A diverse and growing economy is attracting investors to the Metroplex, increasing buyer competition for area apartment assets and accelerating deal flow. And, out-of-state investors are targeting the North Texas region for stabilized assets, according to a fourth quarter apartment report from Marcus & Millichap.

For instance, properties located in the north Dallas area, including the areas of Frisco, Allen, Plano, Richardson and McKinney, TX are in high demand, often commanding premium pricing and yields. The Arlington area and other suburbs of Northwest Fort Worth are also garnering healthy investor interest, with first-year returns averaging in the high 5% to mid-6% range, GlobeSt.com learns.

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