Acquisition Announcement – Villas of Henderson Pass

Richmond, VA – November 13th, 2016 − 37th Parallel Properties (“37th Parallel”), a commercial multifamily acquisitions and asset management firm, announced today it has recently closed on Villas of Henderson Pass in San Antonio, TX.

vhp-pool

Villas of Henderson Pass is a 228-unit garden-style complex, consisting of 96 one-bedroom apartments and 132 two-bedroom apartments.

“San Antonio is a steadily growing multifamily market. The population is expected to expand nearly 30% over the next 15 years, which is double the national average,” Dan Chamberlain, COO of 37th Parallel commented,  “It has a broad range of employers in healthcare and biosciences and was recently recognized by the Brookings Institute as one of the strongest economies in the country.”

“Villas of Henderson Pass is located within minutes of two major traffic arteries in San Antonio. It is also zoned to Blue-ribbon rated elementary and middle schools, which are part of the excellent North East Independent School District. We are already planning on several exterior and interior improvements to take advantage of the desirable market location.”

Property amenities include a 24-hour fitness center, 2 saltwater swimming pools, a sand volleyball court, and a dry sauna.

Look for additional acquisition announcements later this year and beyond as 37th Parallel adds more stable multifamily assets to the portfolio.

37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit our website (www.37parallel.com) or call 888.837.3720.

Acquisition Announcement – McCallum Portfolio

Richmond, VA – December 10, 2015 − 37th Parallel Properties (“37th Parallel”), a commercial multifamily acquisitions and asset management firm, announced today it has recently closed on the McCallum Portfolio in Dallas, TX.

McCallum Portfolio

The McCallum Portfolio consists of two apartment complexes totalling 419 units and almost 250,000 rentable square feet.

”The McCallum Portfolio is located in a very stable submarket in North Dallas”, Dan Chamberlain, COO of 37th Parallel commented, “It is less than three miles from the University of Texas at Dallas, which has seen its enrollment go up by more than 50% in the last 7 years.”

“Additionally, the Portfolio is located within a short distance of three attractive job corridors that cover a wide array of industries and employ more than 150,000. McCallum is less than 20 miles from downtown Dallas and is served by two of the best school districts in the area. We are very confident in the long term performance of this project.”

Portfolio amenities include a clubhouse, two swimming pools, internet cafe, california kitchen with multiple gazebos and business center.

Look for additional acquisition announcements later this year and beyond as 37th Parallel adds more stable multifamily assets to the portfolio.

37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit our website (www.37parallel.com) or call 888.837.3720.

Acquisition Announcement – Avery at Deer Park

Richmond, VA – July 1st, 2015 − 37th Parallel Properties (“37th Parallel”), a total return focused commercial multifamily acquisitions and asset management firm, announced today it has recently closed on Avery at Deer Park in Houston, TX.

Avery-1Avery at Deer Park is a 149-unit apartment complex made up of 40 one-bedroom and 80 two-bedroom apartments. The property also features 29 1-bedroom townhome-style apartments.

”Avery at Deer Park is located in an ideal near urban infill location”, Dan Chamberlain, COO of 37th Parallel commented, “In addition, local zoning regulations have constricted inventory in the submarket. As a result, Avery at Deer Park has significant demand with very little competition.

“Avery at Deer Park is located less than 20 miles from downtown Houston and is centered in the U.S. Petrochemical belt. [1] Its proximity to major employers offers residents solid employment opportunities. Additionally, several new plants are either beginning or under construction nearby. These projects invest more than $90 billion dollars which will boost the local economy for years to come.”

Property amenities include a clubhouse, swimming pool and dog park.

Look for additional acquisition announcements later this year and beyond as the firm adds more stable multifamily assets to the portfolio.

37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit our website or call 888.837.3720.

1. These are predominantly downstream jobs not subject to oil price fluctuation.

Acquisition Announcement – Oaks of Westchase

Richmond, VA – May 1st, 2015 − 37th Parallel Properties (“37th Parallel”), a total return focused commercial multifamily acquisitions and asset management firm, announced today it has recently closed on Oaks of Westchase in Houston, TX.

Oaks3Oaks of Westchase is a 182-unit apartment complex made up of 96 one-bedroom and 68 two-bedroom apartments. The property also features ten 1-bedroom and eight 2-bedroom townhome-style apartments.

”We are pleased to add another solid asset to our Houston portfolio. Houston is forecasted to lead the country in population growth and job growth for the next five years.  It is also the #1 city in the country for blue-collar and healthcare jobs.  This matches perfectly with our acquisition and asset management criteria,” Dan Chamberlain, COO of 37th Parallel commented.

Oaks of Westchase is well located less than 15 miles from downtown Houston and only minutes away from the Galleria, Houston’s premier shopping and dining district.  Its proximity to major job centers and highways is attractive to a broad mix of residents.

Property amenities include a clubhouse, swimming pool, two laundry facilities and gated access.

Look for additional acquisition announcements in Q2 and beyond as the firm adds more stable multifamily assets to the portfolio.

37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit our website or call 888.837.3720.

Acquisition Announcement – The View at Lake Highlands

VALH-2Richmond, VA – January 8th, 2015 − 37th Parallel Properties (“37th Parallel”), a total return focused commercial multifamily acquisitions and asset management firm, announced today it has recently closed on The View at Lake Highlands in Dallas, TX.

The View at Lake Highlands, located at 9855 Shadow Way, Dallas, TX, is a 292-unit apartment complex made up of 156 one-bedroom, 104 two-bedroom and 32 efficiency apartments.

”Dallas has led the nation in population growth for the last decade. It also accounts for one third of Texas’s GDP. It is an ideal market for apartment investors,” Dan Chamberlain, COO of 37th Parallel commented, “The View at Lake Highlands is less than 15 miles from downtown Dallas. It’s located in the very solid Richardson submarket which has excellent schools.”

The View at Lake Highlands is the first acquisition in the Dallas market for 37th Parallel. Property amenities include a clubhouse, swimming pool, fitness center and a children’s playground.

37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit or call 888.837.3720.