HOUSTON-Allen Harrison Company LLC expects toclose $70 million worth of apartment acquisitions this year,according Will Harper, one of the firm’spartners.

The company, which launched in January 2010, is activelyexecuting its strategy to acquire value-added apartment communitiesthroughout Texas. Harper, a former Hanover Company executive,partnered with Paul Forbes, another Hanoverexecutive, to build Allen Harrison Company.

“We felt we were in the midst of a very rare opportunity toacquire real estate,” Harper explains. “We felt we were going toget five years down the road and say that 2010 to 2012 were veryobvious times in the cycle to acquire apartments. And, we felt likewe could leverage relationships and expertise.”

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