The Kingly Group

The Kingly Group enters DFW with the portfolio acquisition of Clear Fork Trail Apartments and Trinity Oaks Apartments located in Benbrook, TX. We were attracted to this 334-unit, Class B, 2 property portfolio due to the significant value add opportunity and overall purchase basis. Located in an affluent area of Tarrant County, Clear Fork Trail and Trinity Oaks are within walking distance of “A+” rated Fort Worth Country Day, a private college-preparatory school. The area is surrounded by neighborhoods with $1M+ single family homes with a $96K+ average household income within 2 miles of the assets. The properties have excellent highway access and are in close proximity to Whole Foods and various high end retailers. Over the past few years, we’ve seen increased institutional ownership in this submarket due to the excellent apartment fundamentals and location.

The Kingly Group along with our partners were able to secure the opportunity off-market without a formal bidding process. This will be Kingly’s 5th and 6th acquisition in the Sun Belt region. The Kingly Group has acquired 1,282 units since 2019.

Roughly 2.5 million to 3.5 million American households are behind on their rent, according to the Goldman Sachs report. They owe landlords between $12 billion and $17 billion.

Goldman Sachs estimates 750K households face eviction after moratorium ends Roughly 2.5 million to 3.5 million American households are behind on their rent, a report says.