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October 4, 2022
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New 217-Unit TX Apartment Complex Purchased by The Jacobson Company

8/12/22

In an off-market deal, The Jacobson Company purchased Atlantica at Burleson, a new, 217-unit Class A multifamily community in the Fort Worth, TX submarket of Burleson. The property is located at located at 285 SE John Jones Dr, west of I-35W and just east of Wilshire Blvd.

Atlantica is a garden-style community consisting of five three-story residential buildings, all of which are elevator-served. The property offers tenants large open floorplans, modern stainless-steel appliances, sleek quartz countertops, stylish wood-plank flooring in common areas, contemporary lighting, washer/dryer in every unit, private decks or balconies and walk-in closets.

Community amenities include a 24-hour modern fitness studio, outdoor barbeque and gaming stations, a resort inspired pool with sundeck, dog park, pet spa, cyber lounge, valet trash service, detached garages, and elevator access in each building.

Larry Jacobson, President and CEO of The Jacobson Company, pints out that a new study commissioned by the National Multifamily Housing Council and National Apartment Association reveals the U.S. needs to build 4.3 mil new apartments by 2035 to address demand, deficit, and affordability. Specifically, the Dallas-Fort Worth metroplex (DFW) needs to build 19,000 new apartment homes each year to keep up with current demand.

Atlantica at Burleson was developed by Sovereign Properties. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill and Jeffrey Kindorf of Institutional Property Advisors (IPA) were involved in brokering this transaction. Financing was arranged by Brian Eisendrath and Cameron Chalfant of IPA Capital Markets.






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