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Colliers negotiates sale of built-for-rent townhome community in Fort Worth

 

Colliers is pleased to announce the sale of Lake Country Villas located at Boat Club Road and Lake Country Drive in Fort Worth, Texas. DFW Housing Partners sold the community to Progress Residential. Jim Humphries of Colliers brokered the deal on behalf of both parties.

Lake Country Villas is a build-for-rent, single family investment asset consisting of twenty-five townhomes located in Northwest Fort Worth. The homes were completed in 2019 through 2020 with above-market interior finishes and attached, two-car garages in each unit. The homes are in a gated setting within the Northwest Fort Worth/Saginaw/Eagle Mountain submarket and are adjacent to the newly completed Lake Country Elementary School.

 
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   Lake Country Villas 2_PR  Lake Country Villas 3_PR  


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Jim Humphries

Senior Vice President

Houston

Jim Humphries joined Colliers in Houston in 2015 and is part of the Colliers Investment Services Group (CISG). He specializes in multifamily assets with an emphasis on properties within Texas and the Southern United States.

Colliers Houston’s ISG team takes a consultative approach to commercial real estate which includes developing and executing strategies that are both consistent with its clients’ objectives as well as feasible in the current market environment.

Jim has 10 years of multifamily real estate experience. Before joining Colliers, Jim was an  analyst with the HFF Houston Multifamily group where he was directly involved in more than $6 billion in transactions. In that role, his responsibilities included underwriting and market analysis for both existing and to-be-built acquisitions and dispositions.

Jim’s primarily focus is on multifamily investment services and capital markets. His responsibilities include multifamily investment sales, business development, financial and debt analysis, market research, due diligence and offering memorandum production.

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