CONTI Organization, one of North Texas’ largest private multifamily property owner-operators, has expanded its footprint in the state with the acquisition of Vine Apartments, a 420-unit complex located at 711 Trinity Cir, centrally located in between Dallas and Fort Worth in Arlington, TX. Vine, CONTI’s 43rd acquisition in Texas, increases the company’s current Texas portfolio to 31 properties and more than 9,000 units.
“Vine is another strategic addition to our portfolio and is within a short drive of major employers including American Airlines, Amazon, General Motors, GM Financial, Bell Textron, and others. With unique access to both Dallas and Fort Worth, Vine offers a convenient option to renters who need workforce housing close to employment,” said Stewart Hsu, Co-Founder and President, CONTI Organization.
Built in 1980, Vine consists of 23 three-story, garden-style buildings covering approximately 21 acres. The property has plenty of leisure amenities with direct access to River Legacy Trail as well as a swimming pool, fitness center, dog park, sand volleyball court, and tennis courts.
“Vine aligns perfectly with our corporate focus and outlook for multifamily investments,” said Carlos Vaz, Co-Founder and CEO, CONTI Organization. “Everything we do at CONTI is part of a well-thought-out process that is aligned to our 10-year vision.”
The Vine acquisition was brokered through Daniel Baker and Chandler Sims with CBRE.