Knightvest Capital acquires Cypress Apartments in McKinney to enhance Texas portfolio

TAGS

Knightvest Capital, a leading multifamily investment company, has marked the beginning of 2024 with its first of the year, securing the in McKinney, Texas. This move underscores Knightvest’s strategic expansion within the North Texas region, further bolstering its extensive portfolio, which now encompasses over 34,000 units nationwide.

The acquisition of the Cypress Apartments, a garden-style community built in 2007, aligns with ‘s commitment to growing its footprint in the Dallas-Fort Worth area’s rapidly expanding suburbs. McKinney, recognized as the Best Place to Live in America by Money Magazine, offers a prime location for Knightvest’s latest investment, enhancing the firm’s already robust presence in the market.

See also  Kotak Mahindra Q3FY21 results : Indian private sector lender reports 16% increase in net profit

Cypress Apartments features a mix of two and three-bedroom floorplans, making up eighty-four percent of its offerings, alongside desirable amenities such as a resort-style pool, fitness center, and media lounge. Knightvest Capital plans to undertake comprehensive enhancements to the property and modernize unit interiors, aiming to set a new benchmark for quality living in McKinney. These upgrades are designed to offer residents a superior alternative to new constructions in the area, combining affordability with high-quality housing.

Knightvest Capital Acquires Cypress Apartments in McKinney, Texas

Knightvest Capital Acquires Cypress Apartments in McKinney, Texas. Photo courtesy of PRNewswire/Knightvest Capital.

, Founder and CEO of Knightvest, emphasized the company’s strategic positioning and enthusiasm for the acquisition, stating, “Knightvest continues to be well-positioned in this environment, and we’re thrilled to hit the ground running in 2024 with the Cypress acquisition that complements our expanding portfolio and supports our proven strategy to transform apartment communities. Modern renters seek high-quality housing at affordable prices, and we efficiently renovate properties in a way that delivers a better quality of life for our residents and exceptional returns for our investors.”

See also  Frightening inferno sweeps through near Medical Lake in Eastern Washington

As a vertically integrated firm, Knightvest Capital excels in the renovation and repositioning of multifamily properties. Their distinct approach focuses on delivering design-driven quality, operational efficiency, and a people-first culture. This strategy has enabled Knightvest to become one of the largest apartment owners in the United States, with a portfolio exceeding 55,000 units and an investment total of over $10 billion across high-growth metropolitan areas in Texas, Arizona, the Carolinas, and Florida since its inception in 2007.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This