Since moving his real estate investment firm The PPA Group to Austin a little over a year ago, Monte Lee-Wen has learned a few things. Among them: Austin’s a great place to be in business and attract talent, but the multifamily investment market here has become overpriced. So he’s switching…
Monthly Archives: October, 2007
Austin Business Journal – Firm Plans to Build in Austin, Buy Elsewhere
GlobeSt.com – PPA Group Closes on 188-Unit Value-Add
The PPA Group has bought the 188-unit Knollwood Apartments at a significant discount to its $5.87-million ask. The 96%-leased value-add play has been under contract since May.
Dallas Morning News – Austin Investor PPA Group buys Irving Apartments
An Austin-based investor that is expanding its holdings in Texas has purchased an Irving apartment community. The PPA Group relocated from Washington State to Austin in 2006. The real estate investor owns more than 1,000 apartments and is quickly adding to its holdings.