DALLAS
,
Sept. 1, 2022
/PRNewswire/ — Brazos Residential, LLC, a
Dallas
-based real estate private investment firm specializing in multifamily investments, announces the
$41M
acquisition of the Wilson Woods Townhomes located in
Wilson, NC
. The transaction marks the firm’s tenth acquisition in 2022.
”
Wilson Woods
has an exceptionally unique story,” explains
James Roberts
, Managing Partner, and Cofounder
Constructed in 1974, Wilson Woods Townhomes is situated on an expansive 31 acres at 1706 Vineyard Dr. in
Wilson, NC
, about 40 miles from eastern
Raleigh
. The community has 376 units and presents a desirable combination of generous one, two, and three-bedroom floor plans, with an average unit size of over 1,000 square ft.
”
Wilson Woods
has an exceptionally unique story,” explains
James Roberts
, Managing Partner, and Cofounder. “The asset has been owned by the seller for over twenty-five years. This type of long-term, privately owned property is very rare, especially in highly sought-after markets in
North Carolina
.”
The community is the firm’s seventh
North Carolina
acquisition this year and highlights the company’s investment strategy of purchasing value-add opportunities with significant operational upside in growing cities near well-established markets like
Raleigh-Durham
.
“This investment continues to support our thesis of targeting strong emerging markets with immense potential. Given its proximity to
Raleigh-Durham
, the property provides strategic synergies to Brazos’ expanding portfolio in eastern
North Carolina
,” proclaims
William Hancock
, Managing Partner, and Cofounder. “We are excited to reposition this asset and capitalize on its operational inefficiencies to maximize returns to our investor partners and improve the living experience of the tenants.”
Founded in 2022, Brazos Residential owns over 1,700 multifamily units across the American sunbelt, predominately located in
Texas
and
North Carolina
. Brazos employs a dynamic team of real estate, private equity, accounting, and capital market professionals and controls over
$215 million
in multifamily real estate investments.
For more information, please contact
Taylor Leander
, Director of Investor Relations, at (214) 432-8065, [email protected] .
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SOURCE Brazos Residential