Abode Properties Announces Stellar Growth
March 20 2017 - 8:00AM
Business Wire
Abode Properties, a Dallas, Texas real estate investment
company, anticipates stellar growth for 2017.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170320005107/en/
Metropolitan - Abode Properties' Class A
asset in Little Rock, Arkansas. (Photo: Business Wire)
Abode Properties’ portfolio consists of top tier, Class A
multifamily assets in emerging markets that correspond with both
sustainable and viable economic growth activity. Enhanced
shareholder value will continue to be generated through investments
in both the acquisition and development of sustainable Class A
multifamily housing in growing markets.
“The US multifamily market continues to outperform every other
property sector,” commented Brad Kyles, EVP-Multifamily Residential
Operations. “We acquired four Class A properties in 2016 and began
construction on four more new developments. Our quality amenities
coupled with the rising demand for high end apartments means
growing our portfolio to meet those demands. We have over 20
additional projects at various stages of development in the
pipeline.”
According to Freddie Mac renter households are poised to grow in
every generational cohort due to a range of economic and
demographic factors. Positive job growth and a stable economy
should help more Millennials form households and enter the
market.
“Abode’s overall occupancy was just over 95% for January 2017.
This is greatly attributed to the quality of our assets, strength
of our property and asset management teams, and the close attention
to managing details as demonstrated throughout all levels of our
organization,” commented President and CEO, Daniel J. Moos.
“Through our expert market research we continue to add assets in
those select markets with the strongest potential.”
Abode Properties is a subsidiary of Transcontinental
Realty Investors Inc., (NYSE: TCI), a Dallas-based real estate
investment company. Abode’s investment and strategic focus is to
acquire, develop, and operate a portfolio of desirable multifamily
residential properties, while capitalizing on our ability to obtain
long term and static debt structures. The portfolio stands to
benefit from historically established, proven, and successful
operational practices, seasoned on-site management, and an
experienced leadership team with forward thinking capabilities in
order to realize maximum cash flows and consistent returns,
while maintaining unequaled resident and customer service. We are
disciplined and prudent allocators of capital and we will continue
growing our geographically diverse portfolio from the Southwest to
the Southeast. These markets are geographically located in areas of
the country that correspond with both sustainable and viable
economic growth activity.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170320005107/en/
for Abode PropertiesChris Childress,
469-522-4275press@pillarincome.com
Transcontinental Realty ... (NYSE:TCI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Transcontinental Realty ... (NYSE:TCI)
Historical Stock Chart
From Apr 2023 to Apr 2024