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| The Terraces at South Park Meadows apartments, Austin, TX |
Atlanta, GA and Austin, TX – Real estate investment firm BVT
Equity Holdings, Inc. has brought in Stonemark Management to manage two Class A
apartment communities in the fast-growing South Austin area.
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| Lobby at The Terraces at South Park Meadows Austin, TX |
The Estates at South Park Meadows, which has 426
units, and The Terraces at South Park Meadows, with 244 units, are
located near the popular South Park Meadows shopping area. The communities
feature high-end amenities that appeal to the target audience of young
professionals. Their 1st Street location also offers easy access to downtown.
“Our new partnership with BVT and the agreement to manage
these communities is a big step in our strategy to increase our presence in the
South Austin market,” said Michael Taylor, CEO of the Stonemark Group.
“We look for opportunities in economically-healthy areas where our management
expertise can help investments perform to their full potential,” he added.
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| The Estates at South Park Meadows Austin, TX |
Stonemark Management’s services include the management,
acquisition, asset management, leasing and profitable disposition of
multifamily investment real estate. The firm provides a complete array of
leasing and property management services for conventional apartment communities.
“As a large and active equity provider for multifamily
development, BVT felt Stonemark’s leasing and property management expertise
would enhance our investors’ returns,” said Chad Bozza, Senior Vice
President, Fund Investments and Asset Management.
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| Michael Taylor |
The Estates and The Terraces are gated, pet-friendly
communities with resort-style pools, an outdoor fireside lounge, luxurious
clubhouses with athletic and business centers, attached garages, walking and
jogging trails, a pond and nearby green space.
Interiors feature stainless
steel appliances and granite countertops. Some apartments have fireplaces,
vaulted ceilings and stackable washer/dryers.
In addition to managing communities for investment firms
such as BVT, The Stonemark Group owns two apartment communities in Austin.
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| Chad Bozza |
The Stonemark Group focuses on the acquisition, financing,
ownership, management and disposition of multifamily real estate investments in
the Southeastern U.S. and Texas. The group includes Chicago-based Stonemark
Equities and Atlanta-based Stonemark Management. For more information, visit
www.stonemarkmanagementllc.com.
Headquartered in Munich, Germany, with U.S. operations based
in Atlanta, Ga., BVT provides equity capital across multiple sectors of the US
real estate market, creating high quality offerings for its German investors
and maximizing returns through disciplined investment management. For more
information, visit www.bvt.com.
For a complete copy of the company’s news release, please
contact:
Terri Thornton
404-932-4347
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