HOUSTON, TX - The Dinerstein Companies ("TDC"), a full-service real estate and development company, today announced the completion of three multifamily acquisitions totaling 543 conventional multifamily units and 1,128 student housing beds across Texas and Colorado. The transactions, which closed between December 2025 and April 2026, reflect TDC's value-add investment strategy and mark significant geographic milestones for the firm, including its first acquisitions in both Dallas and Denver.
The recent acquisitions span conventional multifamily and purpose-built student housing, with total planned capital investment exceeding $18.7 million across the three assets. TDC's disciplined approach focuses on acquiring well-located assets with identifiable operational and capital improvement upside across both sectors.
Sterling College Station — College Station, TX: TDC closed on the acquisition of Sterling College Station on April 29, 2026. The property comprises two adjacent purpose-built student housing communities - 2818 and Parkway Place, totaling 350 units and 1,128 beds located near Texas A&M University, a Tier 1 SEC institution. The transaction offers meaningful upside through combining operations into a single community, rebranding, and implementing TDC's in-house property management platform. TDC plans to invest across the combined asset, including unit renovations at Parkway Place to match the recently upgraded finish level at 2818, as well as common area improvements such as pickleball courts, pool upgrades with a jumbotron installation, and full exterior repaint.
Aspire Cherry Creek — Denver, CO: Closed in March 2026, Aspire Cherry Creek represents TDC's first acquisition in Denver, a market where the firm has an established development track record. The 218-unit, 12-story high-rise was built in 2015 and includes 16,376 square feet of ground-floor retail. The property is located in the Cherry Creek submarket, one of Denver's highest-barrier, most affluent neighborhoods. TDC will implement a targeted renovation program to elevate unit interiors, including upgraded finishes and refreshed bathrooms. The amenities will undergo a modern transformation with enhancements to the rooftop pool, fitness center, and shared spaces — aimed at aligning the asset with the expectations of the Cherry Creek renter
Aspire Park Lane — Dallas, TX: Closed in December 2025, Aspire Park Lane marks TDC's first acquisition in the Dallas market. The 325-unit community is situated within the Park Lane mixed-use development in North Dallas, adjacent to US-75 and across from NorthPark Center. The property is comprised of two high-rise towers (15 and 20 stories) and a four-story mid-rise component, all built in 2008. TDC has plans for a comprehensive repositioning that includes interior unit upgrades and a complete renovation of the fitness center, including the addition of a wellness center with infrared saunas and a frost locker. Additionally, TDC will implement significant enhancements to the two pool decks, common areas, and security systems, alongside a full rebranding.
"These acquisitions reflect our disciplined approach to identifying value across both conventional multifamily and student housing," said Adam Beck, Chief Investment Officer at The Dinerstein Companies. "Each investment offers a clear path to value creation — whether through operational optimization, targeted capital improvements, or repositioning well-located assets in supply-constrained markets. We are also expanding our presence into key growth markets, including Dallas and Denver, and we're excited about the momentum heading into the second half of 2026."