(To read more on the multifamily market, click here.)
AUSTIN-Stepping up its Texas plan, Colorado & Santa Fe RealEstate has bought 572 class A units in Northwest Austin and placeda contract for 330 class B apartments in Fort Worth. To furtherseed the acquisition push, the Broomfield, CO-based buyer has hireda vice president to open an office in the capital city.
Shelly Rosales, with nearly 25 years' experience in themultifamily industry, says the investment group has Austin andDallas/Fort Worth in its sights due to predictions for jobs,occupancies and rent. "We are shying away from San Antonio," shetells GlobeSt.com, adding Houston isn't ruled out although it's nothigh on the list because it's not demonstrated the same growthdynamics.
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