FORT WORTH—Barclay House, a multifamily property located in the Berkeley Place neighborhood, is a historic property in need of substantial updates in order to bring it back to its original state. Previously owned by an out-of-state investor, it has sold to Pilot Properties, with the company intending to make those necessary improvements.
Greysteel managing director Boyan Radic, senior director Doug Banerjee and investment associates Andrew Mueller, Ryan Hill and Andrew Hanson, based in the company's Dallas and Fort Worth offices, represented the seller and procured the buyer.
The three-year acquisition loan provided by a local bank features a fixed-rate of 4.75%, two years of interest-only payments, a two-year extension option and a 25-year amortization schedule. Greysteel also arranged the sale and acquisition financing for the property. The financing was arranged by Greysteel senior director Anton Mattli, and finance associate John Marshall Doss, who are also based in the firm's Dallas and Fort Worth offices.
“Barclay House holds an incredibly rich history in the Berkeley Place neighborhood and needed a substantial amount of improvements to make sure its history continues far into the future,” said Mueller. “Pilot Properties' successful track record of renovating similar properties made them a perfect fit for this project.”
Barclay House, located at 2100 Forest Park Blvd., was built in 1926 by the Worth Building and Investment Company. It totals 17 units in two buildings on more than 1/2 acre. GlobeSt.com learns the layout for the Barclay Apartments was a very typical one for Fort Worth during the 1920s. The complex consists of mirror-image, two-story apartment buildings, facing a landscaped courtyard. The site plan design is very similar to the adjacent Granada Gables Apartments. The overall styling of the complex is Tudor Revival.
Its community amenities include a courtyard, covered parking and on-site laundry facilities. The property benefits from a strategic location within the Berkeley Place neighborhood, less than 2 miles from downtown. Residents have access to the West 7th District, Texas Christian University, University of North Texas Health and Science Center Trinity Park, downtown Fort Worth and the historic stockyards.
Greysteel is a national commercial real estate investment services firm.
Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1, 2017 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.
FORT WORTH—Barclay House, a multifamily property located in the Berkeley Place neighborhood, is a historic property in need of substantial updates in order to bring it back to its original state. Previously owned by an out-of-state investor, it has sold to Pilot Properties, with the company intending to make those necessary improvements.
Greysteel managing director Boyan Radic, senior director Doug Banerjee and investment associates Andrew Mueller, Ryan Hill and Andrew Hanson, based in the company's Dallas and Fort Worth offices, represented the seller and procured the buyer.
The three-year acquisition loan provided by a local bank features a fixed-rate of 4.75%, two years of interest-only payments, a two-year extension option and a 25-year amortization schedule. Greysteel also arranged the sale and acquisition financing for the property. The financing was arranged by Greysteel senior director Anton Mattli, and finance associate John Marshall Doss, who are also based in the firm's Dallas and Fort Worth offices.
“Barclay House holds an incredibly rich history in the Berkeley Place neighborhood and needed a substantial amount of improvements to make sure its history continues far into the future,” said Mueller. “Pilot Properties' successful track record of renovating similar properties made them a perfect fit for this project.”
Barclay House, located at 2100 Forest Park Blvd., was built in 1926 by the Worth Building and Investment Company. It totals 17 units in two buildings on more than 1/2 acre. GlobeSt.com learns the layout for the Barclay Apartments was a very typical one for Fort Worth during the 1920s. The complex consists of mirror-image, two-story apartment buildings, facing a landscaped courtyard. The site plan design is very similar to the adjacent Granada Gables Apartments. The overall styling of the complex is Tudor Revival.
Its community amenities include a courtyard, covered parking and on-site laundry facilities. The property benefits from a strategic location within the Berkeley Place neighborhood, less than 2 miles from downtown. Residents have access to the West 7th District, Texas Christian University, University of North Texas Health and Science Center Trinity Park, downtown Fort Worth and the historic stockyards.
Greysteel is a national commercial real estate investment services firm.
Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1, 2017 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
