DALLAS-Cortland Partners, an Atlanta-based property management firm, which recently purchased two Dallas apartment communities, will set up a hub here and plans to invest a half-billion dollars a year in the area.
Speaking with local media, CEO Steven DeFrancis said the company will open a second office in Dallas and will continue to buy multifamily properties in North Dallas. According to a report in the Dallas Morning News, Nick Wilhelmson, Cortland's director of investments for Texas, will oversee the new office with 12 employees.
Cortland recently spent nearly $300 million to acquired a portfolio of eight rental communities with more than 2,800 rental units. That package included two North Texas properties. It has purchased dozens of other properties in Texas in recent years.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
