"We put a price on the table that's compelling in thebeginning," David Wieland, the Austin-based partner in MissionResidential LLC, an entity of Finlay Partners Holding Co. tellsGlobeSt.com. He says Brambletree Apartments, renamed to MissionSpring Creek, is the first asset for what is being set up as abranded portfolio, primarily destined for the tenants-in-commonmarketplace.

The buyer intends to TIC partition the 93%-leased Mission SpringCreek, positioned on 10 acres at 1802 Apollo Rd. in Garland, andthe next three acquisitions, says Wieland, who's partnering withChris Finlay of Vienna, VA for an investment play with a five- toseven-year hold.

Wieland says Mission Residential intends to lob otherpre-emptive strikes for properties to rapidly build a portfolio."The objective in all the deals that we have under contract is toget in there and go hard in very rapid fashion," he says. Thepartners have set up acquisitions for $60 million of multifamilyassets in the next 35 days, planning to lift the count to nearly 20holdings in the coming year, according to Wieland. BesidesDallas/Fort Worth and Charlotte, the duo is eyeing properties inAustin, Raleigh, NC, Nashville, Albuquerque, Tucson andPhoenix.