Presidium Group of Dallas, a real estate investment and management firm, has bought Ridgmar Square apartments in west Fort Worth, the company’s fifth apartment community here.
Presidium Group LLC acquired the Vineyards Apartments in Irving, a 353-unit complex built in 1974 at 4299 Pleasant Run Road. Presidium plans to rebrand and renovate the 45-building property in the upcoming months.
Presidium Group LLC continued its series of investments in the state of Texas with the recent acquisition of two additional residential communities in the state of Texas: Sentinel Pointe, a 91-unit apartment complex located in midtown San Antonio, and Quarters, a 208-unit property in Dallas.
Austin not only won the title of the fastest growing metro area in Texas, but it is also ranked as one of the fastest growing stable employment sectors in the nation, according to a Marcus and Millichap report. Investors, such as Presidium Group, are taking note of such statistics.
Presidium Group acquired the Villas of White Rock apartment complex in Dallas. The 442-unit complex located near White Rock Lake was purchased in an off-market transaction. Presidium Group plans extensive interior and exterior renovations to reposition the 1969-era asset.
SAN ANTONIO (San Antonio Business Journal) – Presidium Group LLC has purchased another area apartment complex — Rayo del Sol. Located at 7226 Blanco, the 388-unit community will receive an extensive interior and exterior makeover, including a new paint job and new appliances in the units.
DALLAS–Presidium Group has expanded its multifamily portfolio by 1,700 units through a variety of deals that closed in April. The total portfolio is valued at more than $70 million. The majority of the properties were purchased in off-market transactions.
Presidium Group LLC has closed on another apartment acquisition in San Antonio. Its latest purchase is the complex currently known as Rayo del Sol. The 388-unit community is located at 7226 Blanco in North Central San Antonio.
Presidium Group, in JV with Nessel Development, purchased a 252-unit apartment complex in North Houston. The property is currently named Live Oak Bend Apartments, but will be rebranded and upgraded with a significant capital renovation.
As one of the 10 fastest growing cities in the U.S., Houston continues to attract major investors striving to capitalize on the high demand for multifamily product.