HOUSTON—INNOVATIVE Real Estate Cos. hasrestructured to better encompass an increased interest inmultifamily properties.

The Houston-based firm, which has offices in Austin, SouthFlorida and Utah, had a previous focus in the student-housingsector. Now, it has pending acquisitions and developments withinthe new niche. It is “aggressively pursuing both value-add and coreacquisitions in key markets,” in addition to third-party managementopportunities, say reps with the company.

“With our continued growth and success in student housing,expanding into multifamily is the next logical step in ourevolution. We've built a strong operating platform ahead of ourmultifamily growth,” said Michael Augustine,President of INNOVATIVE.

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