Austin, TX – November 3, 2009 – (RealEstateRama) — based Anew Realty Group, LLC has purchased the 91-unit apartment property Highland Oaks at 2121 West Irving Boulevard in Irving, Texas. The purchase was facilitated by the Marcus & Millichap Dallas office.
The property moves Anew Realty another step toward their goal to acquire 1,000 multi-family units in emerging Texas cities over the next 14 months.
Anew Realty Group focuses on acquiring value-added multi-family properties within emerging markets in Texas, Oklahoma and Louisiana.
The company is led by industry veteran, Linda Kimble, CCIM, CPM, and is uniquely qualified to improve operations with their experience in property management, leasing, and construction.
“We are specifically focusing on value-add B and C type properties in outstanding locations within growing markets and built in the 1970s or later. Addressing economic strategies, we are looking for double-digit, leveraged cash-on-cash returns,” mentions Sheri Jones, one of Anew’s principals. Anew Realty Group welcomes inquiries from sellers, brokers and investors about properties which meet the requirements above through their web site.