Irving, TX

News

  • Building (5)

    REBusiness Online – PPA Group Sells 244-Unit Apartment Property in San Antonio

    By Jessica Lee-Wen on January 18, 2017

    The PPA Group has sold Kenton Place, a multifamily property located on 20 acres in northeast San Antonio. The company renovated and updated the property and increased its NOI by 22 percent during its ownership period. Read the full article from REBusiness Online here: PPA Group Sells 244-Unit Apartment Property…

  • Building (5)

    Multi-Housing News – PPA Group Sells San Antonio Apartment Property

    By Jessica Lee-Wen on January 17, 2017

    Kenton Place was originally purchased as part of a three-property portfolio with 10 acres of vacant land. The PPA Group, an Austin-based multifamily specialist, has sold Kenton Place, a 244-unit apartment residence located on 20 acres in Northeast San Antonio for an unspecified price. A private buyer acquired the property,…

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    Houston Chronicle – Investors Find Opportunity in Older Apartment Complexes

    By Jessica Lee-Wen on October 14, 2016

    Austin-based PPA Group has made its first major Houston acquisition with the purchase of Cypress Ridge Apartments, a 252-unit complex at 2331 Bammelwood, from CrestMarc. Upgrades to the 1980’s era north Houston apartments are planned, and a soccer field will be built. Read the full article from Houston Chronicle here: Investors…

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    The PPA Group Acquires 252-Unit Community in Houston

    By Jessica Lee-Wen on October 7, 2016

    The PPA Group is excited about its latest acquisition; Cypress Ridge Apartments in Houston, Texas. This excellent location is close to major employers such as Houston Northwest Medical Center, HD Supply Facilities Maintenance, Red Bull, Cambria, Cisco, Alfa Laval, and Grocers Supply Co. ExxonMobil’s new state-of-the-art world headquarters is under…