Narland and Western Wealth partner to acquire ReNew McKinney Apartment Homes in McKinney, Texas
Growth-oriented multifamily real estate investment company continues its U.S. expansion with a new multifamily property acquisition in McKinney, Texas.
North Vancouver, Canada (November 18th, 2021) – Western Wealth Capital (WWC) announces the closing of its 110th multifamily real estate acquisition – ReNew McKinney Apartment Homes in McKinney, Texas. This is Western Wealth Capital’s 29th multifamily acquisition in Texas.
Now named Brixton McKinney Apartment Homes, WWC and its investment partners closed on the 250-unit multifamily apartment community, originally constructed in 1986. This McKinney-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows their disciplined investment criteria. WWC has partnered with Narland Properties marking the 4th acquisition the two companies have partnered in together. “We are thrilled to partner with Western Wealth Capital once again and to invest in the company’s proven value-add system for generating favorable returns in the multifamily real estate market.” says Chris Sherry, President of Narland.
Brixton McKinney is located in McKinney, a growing city north of Plano and ranked as the one of the safest cities to live in the United States. The property is easily accessible to both Plano and Frisco in under 30 minutes. Major employers are in all directions including Raytheon to the southeast and State Farm to the southwest. This property is a prime candidate for WWC’s repeatable value-add program including potential for amenity and interior upgrades including new washer and dryer installations.
“McKinney continues to show very promising population growth trends” says Jay O’Connor, Senior Director of Acquisitions at WWC. “We look forward to beginning immediate property improvements and providing improved housing options for ReNew McKinney’s residents and positive returns for investors.”
This deal was brokered by Brian Murphy, BJ O’Boyle, and Richard Furr of Newmark Group Inc.
WWC has acquired 110 multifamily rental buildings, representing $2.9 billion in acquisitions. The company’s current portfolio of assets under management includes 61 multifamily rental buildings totaling more than 16,000 units.
About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. The company offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $3.9 billion in real estate transactions representing more than 24,000 total units.
WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.
Contact Us
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