DALLAS--(BUSINESS WIRE)--Abode Properties is pleased to announce its most recent transaction, adding another Class A multifamily asset to its steadily growing portfolio.
Abode Properties welcomes Oak Hollow Apartments to its family of Class A multifamily residential properties. Oak Hollow is a 160-unit community located in Seguin, TX approximately 35 minutes east of San Antonio. Seguin is the county seat for Guadalupe County which currently sits as the 8th fastest growing county in Texas with a 47.75% increase in population from 2000-2010. Seguin is the retail hub for 3 counties, Guadalupe, Gonzalez and Wilson.
Oak Hollow is the perfect place to call home. This master planned community is constructed with quality, sustainable materials, and is unsurpassed in providing energy efficient green initiatives as a standard feature.
“We are excited to add this new asset to our portfolio. Oak Hollow is a premier gated community that provides tenants with a safe, stylish, energy efficient place to live and raise a family,” commented Daniel J. Moos Chairman and CEO of Abode Properties.
Abode is immediately poised to address existing and future demand for quality multifamily residential housing. Greater shareholder value will continue to be created through the investments in both acquisition and development of sustainable Class A multifamily housing in focused secondary and tertiary markets. These markets, generally, represent high-growth suburban areas, where an increasing population and strong economic conditions signal long-term and resilient demand. Accordingly, Abode’s seasoned executive leadership and expertise will continue to strategically manage cash flow, revenue, capital, and reserves, while focusing on increasing the overall equity base, optimizing leverage, and ensuring market diversification.
Abode Properties is a subsidiary of Transcontinental Realty Investors Inc., (NYSE: TCI), a Dallas-based real estate investment company. Abode’s investment and strategic focus is to acquire, develop, and maintain a portfolio of top-tier multifamily residential properties, while capitalizing on our ability to obtain long term and static debt structures. The portfolio stands to benefit from historically established, proven, and successful operational practices, efficient on-site management, and an experienced leadership team with forward thinking capabilities in order to realize maximum cash flows and consistent returns. We will continue our market diversification from the Southwest to the Southeast. These markets are geographically located in areas of the country that correspond with both sustainable and viable economic growth activity. Affiliated companies include American Realty Investors, Inc. (NYSE: ARL), Income Opportunity Realty Investors, Inc. (MKT: IOT), Regis Property Management, LLC, and Pillar Income Asset Management, Inc.
Transcontinental Realty Investors, Inc. maintains a strong emphasis on creating enhanced shareholder value through acquisition, financing, operations, developing, and disposition of real estate across many geographic regions in the United States. A New York Stock Exchange company, Transcontinental is traded under the symbol "TCI". Transcontinental produces revenue through the ownership and professional management of apartments, office buildings, warehouses, and retail centers that are "undervalued" or "underperforming" at the time of acquisition. Value is added under Transcontinental ownership, and the properties are repositioned into higher classifications through physical improvements and improved management. Transcontinental also develops new properties, such as luxury apartment homes principally, on land it owns or acquires.