|By Marketwired .||
|July 11, 2014 07:25 AM EDT||
LOS ANGELES, CA -- (Marketwired) -- 07/11/14 -- Aragon Holdings (www.AragonUSA.com) announced that it has expanded its national portfolio of multi-family assets with the acquisition of 8500 Harwood Apartments, an 835-unit property located in a suburb of Dallas, Texas. The property was purchased using the firm's private equity fund, Aragon Multi-Family Cash Flow Fund III, and financing provided by Freddie Mac.
The acquisition brings the national multi-family portfolio of Aragon Holdings to nearly 8,000 apartment units, all acquired during the past six years. Since 2012 alone, the company has purchased over $400 million of multi-family assets in seven states.
Located in the affluent community of North Richland Hills, approximately 15 minutes from the DFW International Airport, the 8500 Harwood property expands Aragon's Dallas/Fort Worth (DFW) presence to seven properties.
The property's amenities include an activity center for residents, four swimming pools, three children's playgrounds, two picnic areas, a cyber café, a fitness center, a basketball court and a dog park. Aragon plans to invest nearly $2 million in improvements, including upgrades to landscaping and common area amenities, and repairs to roofs, parking lots and building exteriors.
The North Richland Hills area is characterized by excellent schools, attractive shopping and recreational offerings, and a strong job market. The property is located near the convergence of Interstate 820 and State Highway 121/183, with convenient access to several major transportation thoroughfares of the DFW metroplex.
Dan Guy, President of Aragon Holdings, explained that the local area economics played a large role in the acquisition, "The diversity and strength of employment in the Dallas market has proven to be extremely positive for Aragon, and we are very pleased to expand our portfolio in a city that has consistently outperformed the national economy over the past several years. The low unemployment rate and steady population growth in the DFW area are characteristics that we look for in all of our multi-family acquisitions."
Mr. Guy said the company continues to pursue multi-family acquisition opportunities nationwide, focusing on markets exhibiting favorable employment and population growth.
"Our acquisition team continues to identify multi-family properties at attractive valuations in markets with growing populations and employment," Mr. Guy said. "The availability of these income-producing assets will enable us to continue to provide tax-deferred returns, paid monthly, to investors participating in our private equity funds."
Aragon Holdings is a Real Estate Investment and Fund Management Company based in Los Angeles, California, that acquires and manages income-producing assets throughout the United States on behalf of high net worth investors.
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 26, 2016 06:45 AM EDT Reads: 1,062
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 06:45 AM EDT Reads: 1,821
Sep. 26, 2016 06:45 AM EDT Reads: 1,821
Sep. 26, 2016 06:30 AM EDT Reads: 2,350
Sep. 26, 2016 06:30 AM EDT Reads: 1,566
Sep. 26, 2016 06:15 AM EDT Reads: 1,645
Sep. 26, 2016 04:30 AM EDT Reads: 1,414
Sep. 26, 2016 04:30 AM EDT Reads: 1,045
Sep. 26, 2016 03:15 AM EDT Reads: 1,085
Sep. 26, 2016 03:00 AM EDT Reads: 950
Sep. 26, 2016 03:00 AM EDT Reads: 1,766
Sep. 26, 2016 02:45 AM EDT Reads: 1,552
Sep. 26, 2016 01:45 AM EDT Reads: 1,675
Sep. 26, 2016 01:00 AM EDT Reads: 1,626
Sep. 26, 2016 01:00 AM EDT Reads: 1,960