FORT WORTH, TX - Olympus Property announces the expansion of their Texas portfolio with the acquisition of Boulevard at Frisco Square. The community will undergo a name change effective immediately to Olympus Boulevard.
Olympus Boulevard is the third apartment community to be added to Olympus Property's seventh fund, WW Olympus Property VII, LLC. This fund provides a geographically diverse blend of several multifamily assets throughout the United States to provide investors stabilized cash flow over time.
"Olympus Boulevard is located in one of the strongest job growth submarkets in the United States. The deal was acquired on an attractive basis with plenty of room for upside," said Chase Bennett, Senior Acquisitions Manager at Olympus Property.
Completed in 2009, the 282-unit luxury mid-rise community is strategically located along the Dallas North Tollway growth corridor, specifically within Frisco's $5 Billion Mile and north of Legacy Business Park. These two job centers include the United States' highest concentration of suburban corporate America coupled with the strongest high wage job growth story within the country.
The Boulevard at Frisco Square is located within Frisco Square, a master-planned development funded in part by the City of Frisco. Frisco is currently ranked as the second fastest growing city in the country with a median household income more than twice the national average at $123,055. Since 1991, Frisco has lured over 200 companies to the area, creating and sustaining over 24,000 new jobs and billions of dollars of community investment.
"Olympus Boulevard is a core asset in Frisco, one of the top submarkets in Dallas-Fort Worth, our home base. The property is located in the heart of Frisco Square, a unique live/work space that will continue to flourish as the growth story in Frisco continues," said Anthony Wonderly.
Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 25-year history, the company has become a successful and recognized name in the multi-family industry. Olympus currently owns and manages over 14,000 units across nine states including Texas, Florida, Oklahoma, Arizona, Arkansas, Tennessee, Georgia, New Mexico, and California.