PrivCap Acquires The Villas at Sierra Vista

August 1, 2016

PrivCap Holdings acquired The Villas at Sierra Vista, a 227 unit multifamily property, in Fort Worth, TX last week for $6.85mil. The acquisition is yet another addition to PrivCap's growing Texas multifamily portfolio.

 

With just 65% occupancy, PrivCap envisions great potential for the property and will be immediately implementing its value-add strategy with capital improvements planned and a more aggressive management style. "We are excited about the upside potential of this asset", remarked PrivCap CEO, Donny Cohen. "In a market averaging 93% occupancy, clearly there's a story here. We are looking forward to writing our own version over the coming months." 

 

 

 

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