Press Release, January 6, 2020
CALCAP ADVISORS COMPLETES 2nd ACQUISITION IN DFW METROPLEX
Pasadena, CA (December 19, 2019) – CALCAP Advisors is announcing that it has purchased Waterchase Gardens, located at 8750 Winding Lane, Fort Worth, TX 76120. The acquisition closed on December 17, 2019.
Completed in 1983, Waterchase Gardens is adjacent to Waterchase Golf Club, a popular public golf course in Fort Worth. The community features 79 townhome-style units in 21 two-story buildings. The property consists of eleven 1 BR/1.5 BA units and sixty-eight 2 BR/2.5 BA units, with an average unit size of 1,354 square feet. Common area amenities include a leasing office, as well as a swimming pool with a picnic/grill area. Interior appointments include faux wood flooring, a wood burning fireplace, large private patios, and full-size washer/dryer connections. In addition, each unit has an attached one or two-car garage.
“Dallas/Fort Worth continues to experience high employment and solid rent growth. CALCAP Advisors is pleased to add Waterchase Gardens to our multi-family portfolio”, stated Edward Aloe, President & CEO of CALCAP Advisors. “The Metroplex area is home to twenty-four Fortune 500 companies, including Exxon Mobil, AT&T, Kimberly Clark, American Airlines, Southwest Airlines and many others. Fort Worth is particularly noteworthy in education, healthcare, energy and manufacturing. The active construction pipeline bodes well for long-term job growth in the area”.
CALCAP Advisors is continuing to source multi-family acquisitions throughout the Southwest. The company has completed thirty-one acquisitions totaling 3,534 units since 2010.
For more information please contact Susan Rangel at 626.208.8236 or email firstname.lastname@example.org.
About CALCAP Advisors
California Capital Real Estate Advisors, Inc., and its affiliate entities (CALCAP Asset Management I, CALCAP Properties, CALCAP Lending, and CALCAP Senior Healthcare I, collectively known as “CALCAP”), is a California based investment company founded and 2008 and headquartered in Pasadena, California. The Company sponsors alternative real estate investment opportunities focused on demographically driven housing. CALCAP has been able to consistently provide both individual and institutional investors with outstanding returns over the last 10 years. The Company’s core strategies look to actively create alpha for investors while managing risk. CALCAP currently has over $250mm in Assets Under Management. To learn more visit www.calcapadvisors.com.
CALCAP has created the CALCAP CARES program to encourage employees to find a way to give back to the neighborhoods where we invest. CALCAP has created “GiveTime4Autism” as its initial program which will allow employees the ability to donate unused vacation and sick days for a very worthy cause.
For more information, contact Susan Rangel at 626-208-8237 or e mail email@example.com.