Western Wealth Capital Acquires Villas at Chase Oaks Apartment Homes in Plano, Texas
April 4, 2022
Growth-oriented multifamily real estate investment company acquires third property in Plano, Texas close to a busy commuter train station linking to a booming tech scene.
North Vancouver, Canada (April 4th, 2022) – Western Wealth Capital (WWC) announces the closing of its 125th real estate acquisition – Villas at Chase Oaks Apartment Homes in Plano, Texas. This is Western Wealth Capital’s 20th multifamily acquisition in the Dallas Fort-Worth (DFW) market.
WWC and its investment partners closed on the 250-unit multifamily apartment community of Villas at Chase Oaks Apartment Homes, originally constructed in 1986. This Dallas-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.
Major employers in the city include State Farm, Texas Instruments, and Blue Cross-Blue Shield. Villas at Chase Oaks is ten minutes north of Downtown Plano and eight minutes from the Downtown Plano DART Rail Station, providing easy and quick access to large employment hubs nearby including the Telecom Corridor with over 70,000 tech employees.
This property is a prime candidate for WWC’s repeatable value-add program, including exterior and interior renovations, as most units have connections available for the installation of washers and dryers.
“Plano’s solid economic base, excellent school district, and numerous major employers with proximity to nearby tech firms have made it a popular destination to move to,” says Jay O’Connor, Senior Director of Acquisitions at WWC. “We are thrilled to acquire this property and begin our value-add improvements.”
WWC has acquired 125 multifamily rental buildings, representing over $4.9 billion in real estate transactions. The company’s current portfolio of assets under management includes 72 multifamily rental buildings totalling more than 17,000 units.
About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $4.9 billion in real estate transactions representing more than 27,000 total units.
WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.
Contact Us
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Alex Collins
alex@westernwealthcapital.com
For more information:
604.260.4789
info@westernwealthcapital.com
www.westernwealthcapital.com
No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.
