ApexOne Investment Partners, a national multifamily investment firm and fund manager, is please to announce its acquisition of Park Hudson Place apartments located in Bryan/College Station, TX. The asset was acquired in joint venture with Chapel Street Advisors of Charleston, SC.
"Park Hudson Place is an excellent addition to the ApexOne Growth & Income Fund I portfolio," said Jim Hearn, Founding Partner of ApexOne Investment Partners. "This is our second JV with the principals of Chapel Street Advisors and we are both confident that our strategy will further enhance a property that is already performing well."
Park Hudson Place was developed in 2007 and consists of 232 one, two and three bedroom apartment homes ranging from 693 square feet to 1308 square feet. Amenities include clubhouse, state-of-the-art fitness facility, conference room, business center, detached garages, limited access gates, BBQ and picnic areas, resort-style swimming pool, carports, and luxurious units with black on black appliance package and full size washer/dryer.
Moderate property enhancements will begin immediately after acquisition and will focus on upgrades to the unit interiors and community amenity package. Upon completion of the capital program, the asset will be held in portfolio for long term cash flow and appreciation. Hawthorne Residential Partners has been selected for on-site management.