Encore Enterprises Closes $108.3 Million in Q42023 Multifamily Sales
Retrieved on:
Wednesday, February 7, 2024
DALLAS, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Dallas-based developer Encore Enterprises’ multifamily subsidiary closed out a strong Q42023 with $108.3 million in sales for two properties, Encore Rise, a 241,909 square-foot, 256-unit Class A garden style apartment community set on 12.82 acres in Conroe, Texas and Encore Metro at Millenia, a 245,378 square-foot, 215-unit, three-story Class A apartment community in Orlando, Fla.
Key Points:
- DALLAS, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Dallas-based developer Encore Enterprises’ multifamily subsidiary closed out a strong Q42023 with $108.3 million in sales for two properties, Encore Rise, a 241,909 square-foot, 256-unit Class A garden style apartment community set on 12.82 acres in Conroe, Texas and Encore Metro at Millenia, a 245,378 square-foot, 215-unit, three-story Class A apartment community in Orlando, Fla.
- These transactions push Encore Multifamily past $1.2 billion in realized sales since its inception in 2008.
- "Despite decreased deal activity across the Multifamily sector, the successful sales of Encore Rise and Encore Metro at Millenia underscore the enduring appeal of meticulously developed properties in premium locations,” said Charlie Keels, president of Encore Multifamily.
- Onsite amenities include a clubhouse, fitness center, business center, resort-style pool, dog park and a variety of walking paths.