Portfolio Assets Spread Over Five Fast-Growing Cities

Ascenda Capital and American Landmark Apartments acquired a $311 million property multifamily portfolio with assets located in Texas’ fastest-growing markets–Austin, San Antonio, Houston, Irving and The Woodlands.

Ascenda Capital and American Landmark Apartments acquired a $311 million property multifamily portfolio with assets located in Texas’ fastest-growing markets–Austin, San Antonio, Houston, Irving and The Woodlands.

AUSTIN, TX—Ascenda Capital, in partnership with American Landmark Apartments, arranged the acquisition of a six-property multifamily portfolio of properties across Texas consisting of 2,284 units. The multifamily communities, located in five of the Lone Star State’s fastest-growing markets–Austin, San Antonio, Houston, Irving and The Woodlands–were acquired from Provident Realty Advisors for a total consideration of $311 million.

https://www.globest.com/2019/05/12/portfolio-assets-spread-over-five-fast-growing-cities/