MIAMI, FL – Florida-based Atlantic | Pacific Companies (A|P Companies), is pleased to announce the acquisition of two Class-A multifamily communities in Texas through its Blue Atlantic Partners Fund I. The recently closed transactions increase A|P’s holdings in Texas to almost 3,000 units and expands A|P’s regional reach to 8 market-rate multifamily communities. Atlantic | Pacific Management (A|P Management), the property leasing & management platform under A|P, will handle all property management responsibilities for both properties.
The two new acquisitions include:
Franciscan of Arlington is located in central Arlington, Texas near the AT&T Stadium and Globe Life Park. The property enjoys a total of 418 units with a mix of one, two and three-bedroom units. Unit interiors feature stainless steel appliances, over-sized walk-in closets, and garden tubs as well as direct access garages in select units. The community features two waterscape pools and Jacuzzi, resident coffee bar and a state-of-the-art fitness center.
Village of Hawks Creek is located in Westworth Village near Fort Worth, Texas. The community is rich in the antiquated architecture and craftsmanship of Texas. The property consists of 312 units in twelve desirable floor plans, with a range of one, two, and three bedrooms. The units feature gourmet kitchens with stainless steel appliances and walk-in closets.
Mark Briggs, Senior Managing Director at A|P Management remarked, “We are excited to continue our expansion in Texas and bring our amazing management team to these communities. These exceptionally located assets are a perfect complement to our existing Texas portfolio.
For more information about A|P Companies and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com/management or call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).
About Atlantic | Pacific Companies: Atlantic | Pacific Companies (A|P) is a fourth generation real estate company operating five distinct platforms: acquisitions; development; property leasing & management; affordable housing; and real estate advisory & asset management. Since the mid 1970's, A|P has purchased, developed, leased and managed residential & commercial properties throughout the United States and currently owns and/or manages more than 28,000 residential units and more than 500,000 square feet of commercial space. A|P employs more than 900 skilled professionals dedicated to the highest level of support and satisfaction found within the industry. For more information, visit www.apcompanies.com/management.
About Atlantic | Pacific Management: Atlantic | Pacific Management is the management platform under Atlantic | Pacific companies. A|P Management is designed to deliver first-class services and oversight to your condominium and multifamily communities. We are an Accredited Management Organization focusing on extensive and continuous training and education for our associates. Our professional Property Managers work directly with residents, unit owners, contractors, attorneys, accountants, and more.