FourPoint Arranges Sale of Three-Property Student Housing Portfolio in Texas

Edge 55 is a 165-bed community located near Texas Christian University in Fort Worth, Texas. Edge 55 is a 165-bed community located near Texas Christian University in Fort Worth, Texas.

Denton, Arlington and Fort Worth, Texas — FourPoint Student Housing Investments has arranged the sale of a three-property student housing portfolio located in Denton, Arlington and Fort Worth, Texas.

Properties include Midtown Denton, a 432-bed community located near the University of North Texas in Denton; Midtown Arlington, a 218-bed community located near the University of Texas at Arlington in Arlington; and Edge 55, a 165-bed community located near Texas Christian University in Fort Worth. RedBridge Capital acquired midtown Arlington and Edge 55 in partnership with Juniper Ridge Partners. Both properties are set to undergo a value-add renovation program. An undisclosed joint venture with foreign capital purchased Midtown Denton. Chris Epp, Chris Bancroft and Meredith Wolff of FourPoint brokered the transactions.

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