Susan Pohl, previously with the locally based Morgan Group Inc., was named vice president of acquisitions. The 20-year professional, whose specialty is the multifamily sector, will focus on acquisitions in the Midwest, Southeast and Southwest for KC Venture. Her tasks are to identify, analyze and evaluate opportunities throughout Texas as well as Denver, Phoenix and Atlanta.
Pohl says she's soloing for now in the 1776 Yorktown St. office, but KC Ventures plans to build a team. She says the 11-year-old firm plans to invest as much as $100 million in the Houston market. She says there aren't any contracts in hand right now, but KC Venture does owns one property in the city. Nationwide, the group owns more than 6,500 units in Dallas, Kansas City, Lincoln, NE, St. Louis, Springfield, IL, Phoenix and San Antonio. Sister firm Nolan Real Estate Services Inc. handles property management for the portfolio.
KC Venture Group previously focused on redevelopment and rehabbing older apartment projects. The new strategy calls for buying newer, class A assets. It recently bought the 340-unit Lodge of Shavano Apartments in San Antonio and 730-unit Spring Creek Apartments in Plano, TX. Both complexes as less than seven years old.
According to a spokeswoman from the Morgan Group, Pohl's replacement has not yet been found.
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