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Itex Purchases Fort Worth Multifamily Property

Barr Investments Sells Pilgrim Valley Manor to Port Arthur-based Firm
By Dennis Bozzell
April 11, 2011 | 6:32 P.M.

Itex Property Management LLC, of Port Arthur, TX, acquired the 168-unit Pilgrim Valley Manor apartment complex in Fort Worth from Barr Investments Inc. for $5.3 million, or approximately $31,548 per unit. The company plans to convert the complex, which is at 1701 E. Robert St., into Section 9 housing, and will receive tax credits for doing so.

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