Richardson, TX (April 19, 2023)
Kairoi Residential and Ascentris announced the joint acquisition of Galatyn Station, a transit-oriented luxury multifamily property located in Richardson, Texas. The acquisition closed in March and represents an expansion of both companies’ multifamily investment portfolios.
Located at 2301 Performance Drive, Galatyn Station sits in the Dallas–Fort Worth Telecom Corridor and provides convenient access to major employment centers, shopping, dining and entertainment options.
The community includes 285 luxury apartments ranging from one to three bedrooms and offers amenities including a resort-style pool, fitness center and resident lounge.
“We are thrilled to add the Galatyn Station Apartments to our portfolio of multifamily properties,” said Jasper Martin, Vice President of Acquisitions at Kairoi Residential. “The Richardson area has experienced significant growth in recent years as a major hub of international businesses and possesses favorable long-term supply and demand fundamentals. This acquisition reflects our strategy of acquiring assets in growth markets while providing residents with a high-quality living experience.”
Ascentris Managing Director Denis Curran added, “We are pleased to partner with Kairoi Residential on this acquisition and look forward to working together to continue providing exceptional living experiences for our residents.”
Kairoi Residential stated that the acquisition aligns with its broader strategy of developing and operating communities designed to support modern live-work-play lifestyles.
About Kairoi Residential
Kairoi Residential is a vertically integrated multifamily investment, development and property management company headquartered in San Antonio, Texas.
The firm manages a portfolio of more than 25,000 residential units and focuses on delivering high-quality living environments and resident services across the United States.
About Ascentris
Ascentris is a real estate private equity firm based in Denver, Colorado focused on value-add investments in transitional and generational real estate across major property types and markets in the United States.
Since 2003, Ascentris has managed institutional capital through a series of investment vehicles designed to provide investors with access to opportunities ahead of the market while maintaining high standards of accountability, transparency and service. Ascentris is a privately held and management-owned SEC-registered investment adviser committed to putting investors’ needs first.
For more information, visit kairoi.com and ascentris.com.
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