DALLASPresidium GroupLLC, a real estate investment and management firm,recently acquired more than 900 apartment units in the Dallas-FortWorth area.

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The properties include Ridgmar Square, a332-unit complex in west Fort Worth; VineyardsApartments, a 353-unit complex in Irving; andVilla Jolla, a 216-unit property in northeastDallas.

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Presidium Group plans to conduct extensive interior and exteriorrenovations in order to reposition the assets within eachsubmarket. Presidium will also rebrand the properties within thenext few months.

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“We're excited to continue our corporate growth with theacquisition of several well-located assets that offer tremendousupside potential,” says Presidium co-CEO CrossMoceri. “Despite the aggressive environment in the Texasmultifamily arena, we continue to find compelling acquisitionopportunities throughout Texas. Furthermore, North Texas has seenstrong economic and population growth in recent years and thisgrowth is projected to continue, making it an ideal place to investin multifamily real estate.”

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Presidium now owns and operates more than 3,000 apartment unitsin the Dallas-Fort Worth area and 10,000 units in the state ofTexas.

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