Orange County Firm Picks Up Properties

TwinRock Rock Partners, a real estate investment firm headquartered in Newport Beach, CA, has acquired a 254-unit apartment complex in Oklahoma City, and is pursuing the purchase of a multifamily property in Stateline, NV, near South Lake Tahoe.

Alexander Philips, TwinRock CEO and investment officer, said the  firm’s impending purchase of the 38-unit Stateline apartment property is a tactical step in TwinRock’s 2015 strategy to expand its investment horizon to new market areas.  TwinRock’s primary investment target during 2014 was Oklahoma where it invested about $50 million in multi-family assets in Tulsa and Oklahoma City. Philips said his firm expects to invest upwards of $100 million to acquire assets in additional markets such as Nevada as well as Michigan, Ohio, Wisconsin and Colorado.