Peter Hartnett, associate partner with Hendricks & Partnersin Dallas, says Courtyard on Calmont at 6760 Calmont Ave. in WestFort Worth has gone back to local investor Paul Carpenter in anoff-market deal with Bayview Financial Holdings LP of Miami. Heoriginally paid $600,000 for the asset, sold it for $1.2 millionand reclaimed it for $700,000, Hartnett tells GlobeSt.com.According to Tarrant County tax records, Bayview Financial tookback the 1.1-acre complex from Multi-Flex Corp. of RanchoCucamonga, CA.

Hartnett says "three or four offers" surfaced as word got outthat foreclosure was imminent. He adds that the buyer, also keepinghis eye on the property, moved in for the close with an all-cashoffer. "He didn't need to walk the property," the deal's solebroker says. "He will hold it for a couple years and wait for themarket to rebound."

Hartnett says Courtyard on Calmont was emptied after a chillerwent down. "People were bailing out right and left," he says,adding close to $300,000 of upgrades are needed to get the complexback on line. As before, Carpenter intends to manage the complexhimself.