#United States #Fort Worth #Knightvest Capital #Verandas at Cityview

Knightvest Capital Expands in Fort Worth, Texas

Knightvest Capital, a leading multifamily investment firm, has announced its latest acquisition of the Verandas at Cityview apartment community in Fort Worth, Texas. This move marks a significant milestone as it is not only the fourth acquisition under Knightvest's Fund II but also the firm's first property in the vibrant Fort Worth market.

Built in 2002, Verandas at Cityview features 314 garden-style units nestled within the Benbrook submarket of South Fort Worth. This area has been a focus for Knightvest, which has previously upgraded and managed three other properties in close proximity. This knowledge and experience in the local real estate market positions Knightvest well to effectively integrate Verandas into its portfolio.

As part of the acquisition strategy, Knightvest plans extensive renovations of the majority of the units to bring them up to modern standards. These upgrades will ensure that the apartments compete effectively with newer constructions in the area. Community amenities will also see significant enhancements, including a fully renovated fitness center, upgrades to the pool area, and the addition of a dog park. Furthermore, the community will undergo a name change to ‘Lauren’ as part of the rebranding initiative, which aims to align the property with its new identity in the market.

David Moore, founder and CEO of Knightvest, shared his excitement about this acquisition, emphasizing its strategic importance in a rapidly growing market. He remarked, “This acquisition represents an exciting opportunity for us to revitalize a well-built community in a dynamic Fort Worth market where we have a strong track record with nearby properties. I’m proud of how our team continues to deliver dependable results, and I’m increasingly optimistic about 2025.”

Fort Worth is currently one of the fastest-growing major cities in Texas, with the Dallas-Fort Worth metro area adding over 100,000 residents in 2023 alone. Knightvest remains optimistic about the long-term potential of the region, especially in Benbrook, where the demand for affordable yet high-quality housing continues to thrive. The acquisition of Lauren is a perfect example of Knightvest Fund II's focus on investing in well-located multifamily properties that are approximately 20 years old and enhancing them to compete with newer constructions across rapidly expanding markets like Texas, Phoenix, and the Carolinas.

This acquisition closely follows the release of the Knightvest Renter Sentiment Report, which illustrates a growing trend favoring long-term renting—indicating a sustained demand for rental apartments in desirable locations.

Since its establishment in 2007, Knightvest has distinguished itself as an industry leader in multifamily investments and management. The firm prides itself on creating communities that foster excellence and deliver reliable results for investors, employees, and residents alike. With a vertically integrated approach, Knightvest specializes in renovating and repositioning multifamily properties, setting new standards in design-driven quality while emphasizing operational efficiency and a people-first culture. With over $10 billion invested in acquiring more than 60,000 units across high-growth metro areas, Knightvest has secured its place as one of the largest apartment owners in the United States.

For further insights into Knightvest Capital’s vision and ongoing projects, visit Knightvestcapital.com and engage with them on LinkedIn.