Jeronimo Hirschfeld, developer and CEO of Miami-based One Real Estate Investment, announced today the purchase of another multifamily property in Texas. The Vibe at Landry Way, located at 7412 Ederville Road in Fort Worth, TX, features 224 units on 12 acres.
Last year Hirschfeld purchased two properties in the Houston area: Avalon at Royal Oaks, located at 2310 Crescent Park Drive, for $30 million last July, and another 446-multifamily property for $20.3 million last May.
“We are very pleased with our latest investment in Fort Worth and appreciate that like Houston, it is energetic and vibrant. We look forward to adding it to our portfolio,” said Hirschfeld.
Tommy Lovell, vice president at Marcus & Millichap, brokered the sale. Stuart T. Kapp, a partner at Kapp Morrison LLP, also worked on the deal.
About One Real Estate Investment
Established in 2001, One Real Estate Investment is a privately owned, Miami-based real estate investment company that owns, manages and develops a growing portfolio of multi-family properties, single-family homes, residential high-end buildings, and commercial, and retail properties. With headquarters located on Brickell Avenue, the company embraces all aspects of real estate including acquisition, financing, property management, construction, repositioning, and disposition. One Real Estate has acquired a portfolio of more than 5,500 multi-family residential units in Houston, Texas and in Miami-Dade County, Florida. The portfolio also includes several commercial buildings and a master-planned, seven-acre subdivision in North Florida that is scheduled to be the site of a major retail shopping center. In addition, in early 2015, the company purchased two vacant lots, comprised of 78,050 square feet, in the bustling Wynwood Arts District for $15 million. For more information, please visit www.onerealestateinvestment.com.