Representative Investments
Atlas Real Estate Partners continues to focus on value-add opportunities in Texas as well as core-plus multifamily opportunities in Florida, Massachusetts and New York. The latest string of acquisitions is consistent with the firm’s strategy of purchasing undervalued properties in improving markets with strong demand drivers. Atlas is actively seeking new opportunities that fit our investment criteria.
The following acquisitions are representative of the Atlas investment platforms:
777 South State Street, Chicago Illinois
Atlas Real Estate Partners and Marc Realty Residential have partnered with Angelo Gordon to acquire 777 South State (formerly 2 East 8 Street ) in Downtown Chicago. The 330-unit, 882-bed student-housing property is 97% occupied and caters to students of nearby Columbia…
Sawgrass Cove, Bradenton Florida
In June 2011 Atlas REP acquired a 336-unit institutional quality asset in Bradenton, Florida. The property was previously owned by Equity Residential, one of the largest publicly traded apartment REITs in the country. The property had maintained occupancy levels above 95%…
Eagle Creek, Denton Texas
In October 2011 Atlas REP acquired a 172-unit apartment complex in Denton, Texas within walking distance of the University of North Texas ("UNT"). Upon closing, Atlas began a comprehensive renovation and rebranding of the property to position Eagle Creek as…
1055 Park Avenue, New York City
In 2010, Atlas REP worked with Blue Whale Enterprises to purchse the note on 1055 Park Avenue in a quick off-market transaction. The note was secured by a newly built, but unsold, luxury condominium project located in one of New…
Meadow Brook Preserve, Naples Florida
In August, 2012 Atlas REP acquired a 268-unit institutional quality asset located in Naples, Florida for $22,000,000. Upon takeover, Atlas implemented a value-add program which included $800,000 in unit upgrades and amenity enhancements. The value-add program has yielded rent increases…
Huntington Place Apartment Homes, Sarasota Florida
In April, 2103 Atlas REP acquired a 252-unit insitutional quality asset located in Sarasota, Florida for $21,750,000 in an off-market transaction. The Sarasota, Florida market has been one of the top performing apartment markets in the county. Upon takeover, Atlas…
Riverstone Park, Lubbock TX
In May 2012 Atlas REP acquired a 115 unit class-B property in Lubbock, Texas. Atlas REP will facilitate a minor capital improvemens program that will enable management to increase rents. Atlas will also utilize its on-the-ground management team and economies of…
Courtyards by the Lake, Lubbock TX
In May 2012 Atlas REP acquired a 106 unit class-B property in Lubbock, Texas. Atlas REP will facilitate a minor capital improvemens program that will enable management to increase rents. Atlas will also utilize its on-the-ground management team and economies of…
1501 Collins, Miami Beach Florida
In March 2012 Atlas REP acquired a commercial condo on the ground floor of a three story property on the north end of Ocean Drive and Collins. The property is NNN leased to a national restaurant chain with 18 years…
Village Creek, Commerce Texas
In October 2011 Atlas REP acquired a vacant 100-unit property across the street from Texas A&M Commerce. Upon closing, Atlas began a comprehensive renovation and rebranding of the property, to position it as the premier boutique complex with closest proximity…
Chaparral Apartments, Lubbock Texas
In October 2010 Atlas REP acquired a 118-unit class C+ apartment complex in Lubbock, Texas. At the time of the purchase, Chaparral was 45% occupied and suffered from deferred maintenance. Atlas REP closed the deal in 30 days and spent…
Mission Villas, Lubbock TX
In January 2012 Atlas REP acquired a 58-unit Class B apartment complex in Lubbock, Texas. Mission Villas was an owner-occupied complex self managed by an elderly owner. Atlas REP will facilitate a minor capital improvements program that will enable management…
O’Neil Terrace, Lubbock Texas
In October 2009 Atlas REP acquired a 92-unit Class C+ apartment complex in Lubbock, Texas. At the time of the purchase, O’Neil Terrace was 50% occupied and suffered from deferred maintenance. Atlas REP closed the deal in 25 days and…
Mission Hill Portfolio, Boston Massachusetts
In October 2011 Atlas REP acquired a three-property portfolio in the Mission Hill Neighborhood of Boston, in close proximity to the world-renowned Longwood Medical area, as well as a host of universities with combined enrollment of more than 35,000 students.…
804-806 Parker Street, Mission Hill, Boston
In March 2011 Atlas REP acquired a two-property portfolio in the Mission Hill Neighborhood of Boston, in close proximity to the world-renowned Longwood Medical area, as well as a host of universities with combined enrollment of more than 35,000 students.…
Savannah Apartments, Brownfield Texas
In December 2010, Atlas REP purchased a note secured by a 71-unit apartment complex in Brownfield, Texas. Atlas purchased the note from C-III Asset Management in 5 days. The note was paid off at par shortly after acquisition generating an…
Riverside Boulevard Parking Condos, New York City
In 2010, Atlas REP worked with Blue Whale Enterprises to acquire over 1,000 parking spaces beneath Trump Place on New York City's Upper West Side. The parking garages are long-term triple net leased to a national parking management company.
Twin Oaks, Lubbock Texas
In June 2012 Atlas REP Acquired a 127-unit Class C+ apartment complex in Lubbock, Texas adjacent to Chaparral Apartments which they've owned since October 2009. Upon closing, Atlas began a renovation and rebranding of the two properties to operate them…
Gatewood Apartments, Lubbock Texas
In June 2012, Atlas REP acquired a 350-unit apartment complex in Lubbock, Texas, a short distance from Texas Tech University ("Tech"). Upon closing, Atlas began a comprehensive renovation and rebranding of the property to position it as a premier boutique…
Aggie Creek, Bryan Texas
In July 2012 Atlas REP acquired a 150-unit apartment complex in Bryan, Texas within 1.5 miles of Texas A&M University ("A&M"). Upon closing, Atlas began a comprehensive renovation and rebranding of the property to position Aggie Creek as a premier…