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.
Waco Tribune – Troubled Apartments Get New Owners
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.