Olympus Property Launches New Fund with Acquisition of Two Multifamily Assets in DFW
FORT WORTH, Texas, Aug. 9, 2016 /PRNewswire/ -- Olympus Property continues to expand their DFW portfolio in 2016 with the acquisition of Mansions at Woodbridge (renamed Olympus Woodbridge) in Sachse, Texas and The Davis in Fort Worth, Texas. Together these assets will be kicking off Olympus Property's sixth fund, WW Olympus Property VI, LLC.
Built in 2014, Olympus Woodbridge is a Class "A" garden-style community comprised of 381 units situated on over 18 acres. The property is particularly attractive to residents due to its close proximity to two of DFW's largest employment centers—the CityLine Development and the Telecom Corridor. In addition, Olympus Woodbridge is located in the highly desirable Wylie ISD, an "Exemplary" school district in Texas. Olympus Woodbridge is the final property to be added to Olympus Property's fifth fund.
"Woodbridge offers its residents one of the highest quality products in the entire DFW metroplex with an excellent cash flow to our partners," said Anthony Wonderly, co-founder of Olympus Property.
Completed in 2016, The Davis is a Class "A" garden-style community comprised of 392 units situated on over 23 acres. The location of The Davis is ideal with easy access to I-30, Hwy 114 and DFW Airport. The community is located within walking distance of American Airlines headquarters and directly influenced by the vast DFW Airport Employment zone delivering a $37 billion economic impact to North Texas.
"We are confident The Davis offers Olympus Property and our partners a tremendous opportunity to acquire a premium asset in an exceptional location at a discount to market," said Chase Bennett, Senior Acquisitions Manager of Olympus Property.
Woodbridge and The Davis are available to accredited investors in Olympus Property's sixth fund, WW Olympus Property VI, LLC. The investment structure will provide investors an opportunity to diversify among numerous multi-family assets providing immediate cash flow in strong markets throughout the United States.
To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 415-689-5855 or at [email protected].
About Olympus Property
Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 24-year history, the company has become a successful and recognized name in the multi-family industry. Olympus currently owns and manages 12,000 units across 8 states including Texas, Florida, Oklahoma, Arizona, Tennessee, Georgia, New Mexico, and California.
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SOURCE Olympus Property
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