Newmark Brokers Sale and Secures Acquisition Financing for 586-Unit Multifamily Portfolio in Haltom City, Texas

Newmark has completed the sale and secured acquisition financing for the Fossil Creek Portfolio, a two-property, 586-unit value-add multifamily portfolio located in Haltom City, Texas, a northeast suburb of Fort Worth, the firm announced May 13, 2026.

Exponential Property Group sold the portfolio to Mox Living. Financial terms of the transaction were not disclosed.

Portfolio Overview: Hidden Lakes and The Ranch at Fossil Creek

The Fossil Creek Portfolio comprises two multifamily communities situated along Fossil Creek Boulevard. Hidden Lakes, located at 5333 Fossil Creek Boulevard, contains 312 units. The Ranch at Fossil Creek, located at 5350 Fossil Creek Boulevard, contains 274 units. Together, the properties offer a mix of one-, two-, and three-bedroom floorplans.

Both communities feature resort-style swimming pools, fitness centers, clubhouses, business and co-working spaces, sports courts, and outdoor recreation areas. The portfolio offers direct access to Interstate 820, Interstate 35W, and State Highway 183, providing connectivity throughout the broader Dallas-Fort Worth metroplex. The properties are within a 15-minute drive of Downtown Fort Worth, Alliance Airport, and Dallas/Fort Worth International Airport.

The communities are also adjacent to a planned 50-acre mixed-use development anchored by H Mart, which is expected to bring new retail, dining, and logistics space to the area.

Newmark Team and Financing Details

Newmark Multifamily Capital Markets Executive Managing Director Richard Furr and Vice Brian O'Boyle, Jr., Jr. and Brian Murphy represented the seller, Exponential Property Group, in the transaction.

Vice Chairman Braden Harmon, Managing Director Hank Glasgow, and Vice President Jeff Fein of Newmark's Debt & Structured Finance group secured acquisition financing on behalf of buyer Mox Living. Loan terms were not disclosed.

"The sale of Hidden Lakes and The Ranch at Fossil Creek provides the new owner and operator with an outstanding opportunity for value enhancement," said Furr. "The portfolio stands to benefit from excellent surrounding infrastructure and North Fort Worth's continued employment expansion."

"We're incredibly pleased with this financing, which reflects the robust collaboration between Mox Living and Newmark's Debt and Structured Finance team," said Harmon. "The successful closing is a testament to Mox Living's position as a premier multifamily owner/operator and demonstrates continued lender appetite for high-quality multifamily properties in Dallas/Fort Worth."

Dallas-Fort Worth Multifamily Market Context

According to Newmark Research, the U.S. multifamily sector continues to benefit from renting remaining more cost-effective than homeownership, supporting renter demand even as leasing activity normalizes. Newmark noted that fundamentals remain strongest across high-growth Sunbelt markets such as Dallas-Fort Worth, where population and employment gains continue to drive demand relative to existing inventory.

About the Firms

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm that generated revenues of more than $3.4 billion for the twelve months ended March 31, 2026. The firm operates from over 185 offices with more than 9,600 professionals across four continents.