Argyle Real Estate Partnership and Sembler Investments have formed a joint venture that plans to acquire a $1.5-billion multifamily portfolio in Sun Belt markets.
The partnership will target core-plus and value-add acquisitions in the Southeast and Texas over the next two to three years, focusing on apartments built after 2000 in markets experiencing major population growth that boast a high quality of life as well as an influx of corporate relocations.
Tampa-based Argyle is a new real estate investment firm formed by industry veteran Ryan Reyes. In a statement, Reyes expressed confidence that the market fundamentals in the multifamily sector will continue to be strong despite rising rates and economic slowdown.
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