Heights of Cityview is a 344-unit multifamily community located in Fort Worth, Texas, within the Dallas-Fort Worth MSA. Built in 1999, the property is situated in the Cityview submarket of southwest Fort Worth, one of the most established and consistently high-demand residential corridors in the metro, offering residents proximity to major employment, retail, and recreation while maintaining a suburban lifestyle at accessible price points.
Heights of Cityview is held within APTA 37P Fund I, a multifamily fund co-managed by Apta Investment Group and 37th Parallel Properties. The property was acquired in February 2022. A new property management team was installed in October 2024 to sharpen operational execution, strengthen leasing velocity, and drive NOI improvement through the next phase of the hold period.
Fort Worth is the fastest-growing large city in the United States, anchored by aerospace, defense, healthcare, and logistics employment. The southwestern Fort Worth submarket benefits from its position along the Chisholm Trail Parkway, providing residents direct connectivity to employment nodes throughout the metro. The Cityview area specifically draws renters from nearby employment at Lockheed Martin, Alcon Laboratories, and the broader medical district corridor.
The current focus is on occupancy stabilization under the new management team, continued positive rent growth, and driving NOI improvement to position the asset for a future refinancing at improved terms. In 2024, the team completed installation of new air hawk vents across the roof, a full garage rebuild on Building 9, and nine Rent & Design unit upgrades. Expense management and resident retention are the near-term operational priorities as the team works to improve financial performance across the hold period.
Multifamily investments offered through our strategic partnership with 37th Parallel Properties.
