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| The Palazzo Apartments, Wonder World Drive, San Marcos, TX |
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| Mark Briggs |
MIAMI, FL, Jan. 31, 2014) – Atlantic | Pacific Companies (A
| P Companies) is pleased to announce its continued expansion in Texas with the
acquisition of The Palazzo.
The Palazzo transaction marks A|P Companies’ fifteenth
acquisition within the past 24 months and represents its fifth purchase in
Texas.
The Palazzo, located
on Wonder World Drive in San Marcos, TX is a 300-unit, Class A garden
style apartment community featuring one, two and three bedroom floor
plans.
The gated community includes two resort style swimming
pools, fitness center and yoga studio, business center, game room,
basketball/sport court, playscape, and an expansive clubhouse.
San Marcos is located 25 minutes south of Austin and is
situated along the “IH-35 Growth Corridor” directly between Austin and San
Antonio. San Marcos, among other
things, is home to Texas State University (TSU) and the Central Texas Medical
Center. TSU is the fifth largest
university and fastest growing school in Texas with an enrollment of more than
34,000 students.
A | P Companies
plans to make select common area improvements and unit interior upgrades.
Atlantic | Pacific Management, the property leasing & management platform
under A | P Companies, will handle all property management responsibilities for
both properties.
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| LBJ Student Center at Texas State University San Marcos, TX |
Mark Briggs, Senior Managing Director at A | P
Companies, says “A | P Companies is excited to add another quality asset to its
rapidly growing Texas portfolio. The
Palazzo complements yet diversifies our existing holdings in Austin and
Dallas.”
For more information, please visit www.apmanagement.net. Follow Atlantic | Pacific
Companies on Facebook and Twitter.
For more
information, visit www.apmanagement.net or contact Randy Weisburd at rweisburd@apmanagement.net.
For a complete copy of the company’s news release, please
contact:
Jessica Wade Pfeffer / Jessica Wade Inc.
305.804.8424
Megan Sedlacek / Jessica Wade Inc.
305.456.0483
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