NACOGDOCHES, TX–PRIME Multifamily Investors in conjunction with Presidium Group has purchased a student housing community here. The 132-bed facility is located near Stephen F. Austin University. The purchase price and seller were not disclosed.
Presidium Group LLC and Nessel Development acquired the 252-unit multifamily property at 1351 Greens Pkwy. They plan to upgrade both unit interiors and building exteriors. The garden-style complex offers one- and two-bedroom units and will be rebranded by Presidium.
Dallas-based Presidium Group L.L.C. announced its fourth acquisition of a residential property in the San Antonio area over the past six months. The other three apartment complexes are the 252-unit Oakwell Springs, the 81-unit Hunter’s Ridge Apartments and the 123-unit Towne Oaks apartments.
HOUSTON, TX (April 2, 2014) — Presidium Group, LLC, a vertically integrated real estate investment and management firm, today acquired a 252-unit apartment complex located in North Houston. The purchase was structured as a joint venture between Presidium Group and Nessel Development.