Cottonwood Group (“Cottonwood”), a private equity real estate investment firm, is pleased to announce that it has acquired Taylor Commons, a 224-unit multifamily property located at 5600 Cotswold Hills Drive in Fort Worth, Texas in partnership with Dallas-based Texsun Holdings (“Texsun”).
“We are excited to acquire Taylor Commons and expand our partnership with Texsun,” said Mark Green, Chief Investment Officer at Cottonwood. “North Texas is a dynamic market with strong population growth, and Taylor Commons is another well-positioned asset in a prime location.”
Taylor Commons is a 172,000-square-foot property conveniently located near major highways and adjacent to attractive retail, mixed-use and entertainment destinations, including AT&T Stadium, Choctaw Stadium, and The Parks Mall at Arlington. This is the sixth multifamily acquisition from the Cottonwood and Texsun partnership, including three assets in San Antonio and two in Fort Worth.
“We are pleased to continue our Texas market expansion — particularly in partnership with a strong player like Cottonwood,” said Sean Fogelman, Managing Partner and Co-Founder of Texsun Holdings. “This transaction, especially at a time when dealmaking is more difficult and complex than ever, uniquely positions our firms as key players identifying and maximizing investment opportunities in strategic growth communities like Fort Worth.”
The acquisition closed June 16, 2023, and the purchase price was not disclosed. The property will be further elevated through a comprehensive renovation program under new ownership.
