DALLAS-Cortland Partners, an Atlanta-based property management firm, which recently purchased two Dallas apartment communities, will set up a hub here and plans to invest a half-billion dollars a year in the area.
Speaking with local media, CEO Steven DeFrancis said the company will open a second office in Dallas and will continue to buy multifamily properties in North Dallas. According to a report in the Dallas Morning News, Nick Wilhelmson, Cortland’s director of investments for Texas, will oversee the new office with 12 employees.
Cortland recently spent nearly $300 million to acquired a portfolio of eight rental communities with more than 2,800 rental units. That package included two North Texas properties. It has purchased dozens of other properties in Texas in recent years.
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