DALLAS–Olympus Property has purchasedThe Woodlands, a 256-unit apartment community inTyler, TX. This purchase is the fourth made by WW OlympusMultifamily I, one of the company's real estate investmentvehicles. The acquisition price was not disclosed.
Olympus executives say the property was a “fantastic acquisitiontarget because of its value-add potential, central location, andstrong current returns.” Plans are in place to enhance the unitinteriors.
The Woodlands is located at 400 Old GrandeBlvd. The community consists of one- and two-bedroomunits, ranging in size from 566 square feet to 946 square feet.Unit amenities include walk-in closets, patios/sunrooms andwood-burning fireplaces. Community amenities include a swimmingpool, business center, fitness center and covered parking.
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