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.
Dallas Morning News – Austin Investor PPA Group buys Irving Apartments
Waco Tribune – Troubled Apartments Get New Owners
An Austin company has spent nearly $3 million to buy a Waco apartment complex with a troubled past and vows to impose a zero-tolerance policy on crime.
GlobeSt.com – PPA Group Gets One More Deed for $100M Plan
An Austin-based investment group has snagged the 200-unit Villas on Lake Brazos from a Dallas seller for its portfolio. The $3.05-million acquisition of the class B complex is part of a plan to acquire $100 million in assets nationwide, with a focus on multifamily properties in Texas.
Dallas Morning News – Commercial Transactions
PPA Group of Austin has purchased Sun Ridge, a 332-unit garden-style apartment complex on East Pioneer Parkway in Grand Prairie.