HOUSTON — Florida-based Atlantic | Pacific Companies, together with its co-sponsored fund Blue Atlantic Partners, has completed its fifth acquisition of the year and its ninth property in Texas with the addition of the 324-unit Vintage Park Apartments in Houston to its growing portfolio.
“Houston is one of the fastest-growing metropolitan areas in the country,” said Greg Ward, Atlantic | Pacific’s Chief Investment Officer. “Acquiring a value-added asset like Vintage Park Apartments makes this investment particularly compelling.”
The firm previously purchased the 240-unit Villas at West Road in 2014 and has continued to expand its presence across Texas with several other multifamily properties.
Atlantic | Pacific’s Texas holdings now include:
- Logans Mill — 256 units in Austin
- Palazzo — 300 units in San Marcos
- Sutton Place — 456 units in Dallas
- Atlantic Grand Oaks — 240 units in Austin
- Barons — 508 units in Mesquite
- Franciscan at Arlington — 418 units in Arlington
- Village at Hawks Creek — 312 units in Fort Worth
These acquisitions reinforce the company’s strategic focus on value-add apartment communities in high-growth Texas markets, where demand for quality rental housing continues to rise.
Dec. 28, 2016 Realty News Report