Atlanta/Austin, TX – Real estate investment firm BVT Equity Holdings, Inc. has brought in Stonemark Management to manage two Class A apartment communities in the fast-growing South Austin area.
The Estates at South Park Meadows, which has 426 units, and The Terraces at South Park Meadows, with 244 units, are located near the popular South Park Meadows shopping area. The communities feature high-end amenities that appeal to the target audience of young professionals. Their 1st Street location also offers easy access to downtown.
“Our new partnership with BVT and the agreement to manage these communities is a big step in our strategy to increase our presence in the South Austin market,” said Michael Taylor, CEO of the Stonemark Group. “We look for opportunities in economically-healthy areas where our management expertise can help investments perform to their full potential,” he added.
Stonemark Management’s services include the management, acquisition, asset management, leasing and profitable disposition of multifamily investment real estate. The firm provides a complete array of leasing and property management services for conventional apartment communities.
“As a large and active equity provider for multifamily development, BVT felt Stonemark’s leasing and property management expertise would enhance our investors’ returns,” said Chad Bozza, Senior Vice President, Fund Investments and Asset Management.
The Estates and The Terraces are gated, pet-friendly communities with resort-style pools, an outdoor fireside lounge, luxurious clubhouses with athletic and business centers, attached garages, walking and jogging trails, a pond and nearby green space. Interiors feature stainless steel appliances and granite countertops. Some apartments have fireplaces, vaulted ceilings and stackable washer/dryers.
In addition to managing communities for investment firms such as BVT, The Stonemark Group owns two apartment communities in Austin.
About The Stonemark Group
The Stonemark Group focuses on the acquisition, financing, ownership, management and disposition of multifamily real estate investments in the Southeastern U.S. and Texas. The group includes Chicago-based Stonemark Equities and Atlanta-based Stonemark Management. For more information, visit www.stonemarkmanagementllc.com.
Headquartered in Munich, Germany, with U.S. operations based in Atlanta, Ga., BVT provides equity capital across multiple sectors of the US real estate market, creating high quality offerings for its German investors and maximizing returns through disciplined investment management. For more information, visit www.bvt.com.
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