October 24, 2022
Odyssey Properties Group has expanded its Texas multifamily portfolio with the acquisition of three communities in the Dallas-Fort Worth metro. The properties, comprised of 578 units, include Huntington Meadows and The Dalton in Arlington and The Belmont in Grand Prairie.
“Our team saw the opportunity to expand our footprint in Texas, where we already owned nine multifamily properties in key markets,” said president and principal Derek Graham. “The Dallas region is especially compelling due to its strong job growth, fast-growing economy, and low cost of doing business as compared to other metros—a continued benefit for investors in the area.”
According to Graham, the Los Angeles-based multifamily investment sponsor and private equity real estate firm targets markets like Dallas-Fort Worth that have robust population and employment growth. It also is at the top of target markets for institutional and retail investors, which supports Odyssey’s acquisition activity in the area.