SANGER, TX--Drever Capital Management has returned to making garden apartment buys, acquiring Trails of Sanger, a 98-percent occupied, 208-unit garden apartment community in Sanger from InterCapital Partners, GlobeSt.com has exclusively learned.
“While still seeking work force apartment portfolios, we're glad to make one-off buys,” Maxwell Drever, chairman of the 45-year-old Tiburon, CA-based real estate investment firm, told GlobeSt.com.
Drever says Trails of Sanger already has a positive cash flow.
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