Friday, January 31, 2014

Atlantic | Pacific Companies Acquires New Property in San Marcos, TX With Addition of The Palazzo


The Palazzo Apartments, Wonder World Drive, San Marcos, TX


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.

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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