The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 24, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Magma Equities Closes on 1,361-Unit TX Multifamily Portfolio

4/15/22

Magma Equities has acquired a portfolio of 1,361 multifamily units in Texas from Hilltop Residential. The high-quality assets have a weighted-average vintage of 2007 and are located in several high-growth markets, including Dallas/Fort Worth, Houston, and San Antonio.

Each asset is located in a strong submarket with proximity to major employment drivers, top-tier school districts, and an abundant amenity base. Each community offers a wide variety of common area amenities including resort-style pools and spas, fitness centers, clubhouses, pet parks and package centers.

The acquisition represents Magma’s entry into the San Antonio and Houston multifamily markets and expands its rapidly growing portfolio in the Dallas/Fort Worth metro to approximately 2,000 units. To accommodate its planned growth in Texas, the firm established a regional headquarters in Dallas late last year under the direction of partner Tom Short.

“Multifamily has proven to be resilient during periods of volatility, and we believe these assets are poised for stable, growing cash flow with steady value appreciation over time," adds Ryan Hall, Founder and Managing Principal of Magma.

Hilltop Residential was advised by Institutional Property Advisors on the sale of the four assets in Texas. Magma is also under contract to close on another property in North Carolina later this year.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media