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Brazos Residential Expands Footprint in North Carolina with $41M Acquisition.

by Smith
2022年9月4日
in House
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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 Arial View

”

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] .

Wilson Woods Arial View
Wilson Woods Arial View
Cision
Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/brazos-residential-expands-footprint-in-north-carolina-with-41m-acquisition-301617104.html

SOURCE Brazos Residential

Tags: real estate

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