olympus-property

OLYMPUS PROPERTY LAUNCHES MID-ATLANTIC EXPANSION WITH ASCEND BY THE SEA

Thu, 02 Apr 2026 19:14:08 GMT

FORT WORTH, Texas, April 2, 2026 /PRNewswire/ -- Olympus Property has acquired Ascend by the Sea, a newly constructed 216-unit Class A luxury apartment community located in Millville, Delaware—along Southern Delaware's popular Beaches corridor. This marks Olympus' first asset in the Mid-Atlantic region and a strategic step in the firm's continued expansion into one of the East Coast's fastest-growing coastal markets, where limited supply, strong population growth, and a diverse set of economic drivers support long-term multifamily performance. Olympus Property focuses on acquiring assets in markets with limited new supply and strong demand. The firm has self-managed its properties for nearly 35 years and will leverage this experience to deliver strong returns for investors and excellent service for residents.

"In recent years, the Mid-Atlantic, due to its stable apartment economics and leading employment markets, emerged as an expansion target for the Olympus portfolio," said Eduardo Miranda, Director of Investments at Olympus Property. "The acquisition of Ascend by the Sea reflects our broader strategy of targeting submarkets with favorable supply/demand fundamentals and strong population growth. Sussex County in southern Delaware alone has seen over forty percent population growth since 2010. With these dynamics, we see this as an ideal setting to drive performance and achieve long-term value for our investors."

Tailored to a growing population, the garden-style community offers spacious floorplans and access to prominent employers within the market, such as Beebe Healthcare, TidalHealth and Perdue. The property lies just four miles from Bethany Beach, which, combined with the rest of the Delaware Beaches corridor, generates seven billion dollars in annual economic activity.

About Olympus Property

Founded in 1992, Olympus Property is a full-service multifamily owner and operator based in Fort Worth, Texas. The firm owns a portfolio valued at approximately $10 billion, representing more than 39,000 units across the United States. Olympus Property focuses on high-growth markets and delivering quality living experiences for residents. The company currently owns and manages properties in 18 states. For more information about Olympus Property and its growing portfolio, please visit www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

OLYMPUS LEVERAGES OPERATIONAL SCALE WITH SECOND DURANGO ACQUISITION

Thu, 18 Dec 2025 14:20:53 GMT

FORT WORTH, TEXAS, DECEMBER 18, 2025 – Olympus Property has strengthened its presence in Durango, Colorado, with the acquisition of Olympus at Three Springs, a 171-unit, Class A apartment community located within the highly sought-after Three Springs master-planned development. Built in 2016, the property delivers a modern, lifestyle-oriented living experience in one of Colorado’s most supply-constrained housing markets.

This transaction represents Olympus’ second acquisition in the Durango market and advances the firm’s strategy of concentrating investment in submarkets where it maintains operational scale and local expertise. With Rocket Pointe under management since 2021, Olympus is positioned to drive operational efficiencies, leverage regional synergies, and enhance asset performance across both properties. The firm’s vertically integrated platform will support streamlined execution, long-term value creation, and compelling returns.

Durango’s substantial affordability gap, where median home values exceed $730,000 and renters enjoy a $4,000+ monthly cost advantage, alongside a 19% rent-to-income ratio at Olympus at Three Springs, reinforces the property’s appeal as a high-quality, attainable housing option in a high-barrier market.

“Durango has consistently demonstrated healthy supply-demand fundamentals, with strong rent-to-income dynamics and enduring appeal as both a lifestyle and workforce destination,” said John Vu, Director of Acquisitions at Olympus Property. “The acquisition of Olympus at Three Springs reflects our strategic interest in high-barrier, high-quality markets where our local presence and operational depth position us to deliver durable results. The strength of the Three Springs master plan and the property’s connectivity to major employers and outdoor amenities make it an ideal long-term investment for our portfolio.”

Olympus at Three Springs is situated near Mercy Regional Medical Center and Fort Lewis College, two of the area’s primary economic anchors, and benefits from proximity to year-round tourism, recreational assets, and ongoing public and private investment. The planned Mesa Park development will further strengthen this ecosystem, adding an events center, amphitheater, and expanded regional trail network by 2027.

About Olympus Property

Established in 1992, Olympus Property is a full-service multifamily owner and operator headquartered in Fort Worth, Texas. With a portfolio valued at over $9.2 billion and representing more than 35,000 units

across the U.S., Olympus remains focused on high-growth markets and delivering exceptional living experiences. The company currently owns and manages multifamily properties in 17 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Oregon, Montana, New Mexico, North Carolina, North Dakota, Tennessee, Texas, Utah, Washington, Wyoming, and Kentucky. For more information about Olympus Property and its growing portfolio, please visit www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY EXPANDS FLORIDA PORTFOLIO WITH ACQUISITION OF FIFTEEN IN MIAMI'S HEALTH DISTRICT

Tue, 05 Aug 2025 14:25:54 GMT

FORT WORTH, Texas, Aug. 5, 2025 /PRNewswire/ -- Olympus Property has expanded into the Miami market with the acquisition of Fifteen, a brand new 132-unit luxury apartment community located in the city's prominent Health District—one of the largest medical hubs in the country. This marks Olympus' first asset in Miami and reflects the firm's expansion into one of South Florida's leading employment districts, where consistent demand, population growth, and continued economic investment support long-term multifamily performance.

The acquisition underscores Olympus Property's commitment to identifying supply-constrained, high-demand submarkets with strong underlying fundamentals for institutional-grade housing. The firm will leverage its vertically integrated operating platform and regional scale to increase operational efficiency, sustained value creation, and compelling long-term returns.

"Olympus has been active in Florida for over a decade, steadily growing our presence across the state's most dynamic markets," said Alex Badalian, Director of Investments at Olympus Property. "The acquisition of Fifteen reflects our broader strategy of targeting high-opportunity submarkets within major gateway metros. With South Florida's continued growth and strong rental fundamentals, we see this as an ideal setting to elevate the resident experience while delivering sustainable, long-term results at this asset."

Tailored to professionals working in and around the Health District, Fifteen delivers elevated design in a well-connected urban setting. The boutique mid-rise community offers walkable access to world-class healthcare institutions, including the University of Miami Health System, Jackson Memorial Hospital, the Miami VA Medical Center, and the forthcoming Kenneth C. Griffin Cancer Research Center—a 244,000-square-foot, 12-story facility scheduled to open in 2025. Residents also benefit from proximity to public transit and an array of nearby amenities. With direct connectivity to the Dolphin Expressway (SR 836) and I-95, the property links seamlessly to major commercial destinations such as Downtown Miami, Brickell, Coral Gables, and the Miami River District.

Walker & Dunlop's Fort Lauderdale investment sales team, including Still Hunter and Kaya Suarez, arranged the transaction. Financing was secured by Craig West and the TeamWest group at Walker & Dunlop.

About Olympus Property

Established in 1992, Olympus Property is a full-service multifamily owner and operator headquartered in Fort Worth, Texas. With a portfolio valued at over $8.5 billion and representing more than 35,000 units across the U.S., Olympus remains focused on high-growth markets and delivering exceptional living experiences. The company currently owns and manages multifamily properties in 17 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Oregon, Montana, New Mexico, North Carolina, North Dakota, Tennessee, Texas, Utah, Washington, Wyoming, and Kentucky. For more information about Olympus Property and its growing portfolio, please visit www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY EXPANDS TAMPA BAY PRESENCE WITH ACQUISITION OF 930 CENTRAL FLATS

Tue, 29 Oct 2024 14:29:28 GMT

FORT WORTH, Texas, Oct. 29, 2024 /PRNewswire/ -- Olympus Property is pleased to announce the acquisition of 930 Central Flats, a 218-unit luxury apartment community located in the heart of Downtown St. Petersburg, FL. Completed in 2019, this six-story mid-rise community exemplifies premium urban living and represents a significant addition to Olympus Property's portfolio

With a strong track record of success in the multifamily real estate sector, Olympus Property continues to expand its portfolio with the acquisition of 930 Central Flats, further building its presence in key growth markets. This acquisition marks Olympus' second in the Tampa Bay area, bringing its Florida portfolio to over 5,500 units across owned and managed properties. Established in 1992, Olympus Property has grown to own and manage approximately 34,000 units across 16 states, driven by a hands-on approach and a commitment to delivering exceptional living experiences. Leveraging its extensive experience and operational expertise, Olympus is well-positioned to ensure strong performance at 930 Central Flats, while consistently providing value to both residents and investors.

Situated in the sought-after Central Avenue entertainment corridor, 930 Central Flats offers residents a prime live-work-play environment. Its walkability and proximity to major employment centers, entertainment venues, and retail options make it a highly coveted address in the Southeastern United States.

"The acquisition of 930 Central Flats is a significant milestone in expanding Olympus Property's presence in one of Florida's most dynamic urban markets," said Chase Bennett, Chief Acquisitions Officer at Olympus Property. "The property's unmatched location and upscale amenities align seamlessly with our long-term investment approach. Its proximity to Olympus Harbour Island, another key asset in our portfolio, further strengthens our presence in the Tampa Bay area. We are excited to add 930 Central Flats to our portfolio and continue delivering the exceptional living experiences our residents have come to expect."

930 Central Flats is ideally located adjacent to the highly anticipated $6.5 billion Gas Plant District redevelopment, a transformative project expected to create 5,500 jobs and contribute $1.4 billion annually to the local economy. With easy access to major highways, including I-375, I-275, and I-175, the property offers a convenient commute to key employment centers throughout the Tampa Bay area, connecting residents to over 390,000 jobs within a 25-minute drive. Boasting a 97 Walk Score, the property offers a pedestrian-friendly lifestyle with direct access to Central Avenue's retail and entertainment options, including over 580 restaurants, bars, and shops.

About Olympus Property

Established in 1992, Olympus Property is a full-service multifamily owner and operator headquartered in Fort Worth, Texas. With a portfolio valued at over $8.4 billion and representing more than 34,000 units across the U.S., Olympus Property remains focused on high-growth markets and providing exceptional living experiences. The company currently owns and manages multifamily properties in 16 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Oregon, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Washington, Wyoming, and Kentucky. For more information about Olympus Property and its growing portfolio, please visit www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY EXPANDS PORTFOLIO WITH ALTA CHANDLER AT THE PARK ACQUISITION IN CHANDLER, ARIZONA

Fri, 15 Mar 2024 14:52:19 GMT

FORT WORTH, Texas, March 15, 2024 /PRNewswire/ -- Olympus Property proudly announces the acquisition of Alta Chandler at the Park, a prominent residential community situated in Chandler, Arizona. As a premier community, Alta Chandler at the Park offers residents access to luxury living and unparalleled career opportunities. With 291 units, this four-story, mid-rise community represents a significant addition to Olympus Property's portfolio, furthering the company's mission to invest in top-tier properties in thriving markets.

Olympus Property currently oversees a portfolio of approximately 31,000 units across various markets. This acquisition further strengthens the company's multifamily portfolio of approximately 5,500 Class A units in the Phoenix metropolitan statistical area (MSA) and aligns with Olympus Property's commitment to providing residents with high-quality living experiences in attractive submarkets.

"Alta Chandler at the Park offers a generational opportunity to acquire high quality real estate in one of Arizona's most dynamic submarkets. This addition underscores our commitment to investing in newly constructed high-quality assets located in submarkets with strong employment and economic tailwinds. We look forward to leveraging our experience and resources to enhance the resident experience and contribute to the continued growth of the Chandler community," notes Wade Madden, Chief Executive Officer at Olympus Property.

Alta Chandler at the Park is situated adjacent to the area's premier economic hub, the Price Corridor. In turn, the property benefits from its proximity to robust industries such as high-tech manufacturing, aerospace, information technology, finance, and advanced business services. With over 44,400 jobs and industry leaders like Wells Fargo, Bank of America, Dignity Health, and Northrop Grumman, the Price Corridor serves as the focal point for high-profile business operations in Chandler. Moreover, the property is strategically positioned to capitalize on Chandler's ongoing economic growth, illustrated by significant investments from blue-chip companies like Intel. Intel's recent $20 billion expansion of their Ocotillo campus, the largest private-sector investment in Arizona's history, is expected to generate thousands of tech and construction jobs, solidifying the city's status as a thriving economic hub.

Alta Chandler at the Park sets the standard for refined living with a range of top-tier amenities. From the convenience of the UrBo! Bodega Convenience market to the modern fitness center, speakeasy lounge, open concept club room, micro-offices, and rooftop lounge, the property caters to modern lifestyle needs. Additionally, the apartment interiors feature nine-foot ceilings, spacious kitchen islands, stainless steel appliances with gas cooktop ranges, and illuminated bathroom mirrors, ensuring a comfortable and stylish residential experience.

About Olympus Property:

Established in 1992, Olympus Property is a highly experienced full-service multifamily owner and operator headquartered in Fort Worth, Texas. The company's portfolio is currently valued at over $7.9 billion and represents approximately 31,000 units under ownership, development, and management. Olympus is consistently focused on high-growth markets with strong population and employment trends, while adding value across the portfolio. The company is currently invested in fourteen states including Arizona, California, Colorado, Florida, Georgia, Idaho, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Wyoming, and Kentucky.

For more information about Olympus Property and its expanding portfolio, please visit: www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY GROWS PORTFOLIO WITH UPSCALE PRIMROSE ACQUISITION IN FLORIDA PANHANDLE

Mon, 06 Nov 2023 14:55:22 GMT

FORT WORTH, Texas, Nov. 6, 2023 /PRNewswire/ -- Olympus Property, a leading real estate investment and property management company, proudly announces the successful acquisition of Primrose, located in Santa Rosa Beach, FL. This prestigious residential community is comprised of 288 units in one of the most affluent areas in the Florida Panhandle. Built in 2022, Primrose is a welcome addition to Olympus Property's growing portfolio, further solidifying the company's presence in this highly sought after submarket.

Olympus Property brings extensive industry expertise to the table, boasting a current portfolio of more than 31,000 units across 14 states. This acquisition is a testament to the company's proven success, building upon the outstanding performance of Olympus Emerald Coast, a nearby property acquired in June 2021, which continues to deliver strong results. "We are grateful for the opportunity to welcome Primrose into the Olympus portfolio as we consistently seek out outstanding assets in the most coveted locations," says Wade Madden, Chief Operating Officer at Olympus Property. "This strategic acquisition reflects our unwavering dedication to providing unparalleled living experiences while simultaneously elevating our regional influence."

Primrose is conveniently located just a few blocks away from the pristine, sandy white beaches of Northwest Florida's renowned Emerald Coast, famous for its luxury, exclusivity, and exceptional quality of life. The property is surrounded by the region's finest amenities and key attractions including Grand Boulevard at Sandestin, 30A, Sacred Heart Hospital, and Sandestin Golf & Beach Resort. Its appealing location and charming ambiance have earned it a place on Conde Nast Traveler's esteemed list of the Top 10 Best Small Towns in the U.S., further emphasizing its prestigious status.

The Class A community offers an impressive array of top-tier luxury amenities including two saltwater pools, private poolside cabanas, a poolside entertainment deck with an outdoor grilling kitchen and fire pits, a gaming lawn, a fully equipped cardio and flex gym, and a resident lounge. Primrose's unit mix offers a number of options, including a blend of four-story apartments, two-story townhome units, and carriage units that are in high demand within the market. Units are well-appointed with high-end finishes including chef-inspired designer kitchens with expansive prep islands, quartz counters, artisanal tile backsplashes, wood-style flooring, and full-size washers & dryers.

About Olympus Property:

Established in 1992, Olympus Property is a highly experienced full-service multifamily owner and operator headquartered in Fort Worth, Texas. The company's portfolio is currently valued at over $7 billion and represents approximately 31,000 units under ownership, development, and management. Olympus is consistently focused on high-growth markets with strong population and employment trends, while adding value across the portfolio. The company is currently invested in fourteen states including Arizona, California, Colorado, Florida, Georgia, Idaho, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Wyoming, and Kentucky.

For more information about Olympus Property and its expanding portfolio, please visit: www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

ALLEIA ACQUISITION EXPANDS OLYMPUS PROPERTY'S PRESENCE IN AFFLUENT POOLER SUBMARKET

Thu, 28 Sep 2023 15:08:34 GMT

FORT WORTH, Texas, Sept. 28, 2023 /PRNewswire/ -- Olympus Property, a renowned real estate investment and property management company, proudly announces the successful acquisition of Alleia, a 328-unit community nestled in the heart of Savannah, GA. Built in 2021, this newly developed property is strategically located in the highly sought-after Pooler submarket, making it a valuable addition to Olympus Property's expanding portfolio.

Olympus Property currently oversees a portfolio of approximately 31,000 units across various markets. This acquisition further strengthens the company's presence in the Savannah metropolitan statistical area (MSA) and aligns with Olympus Property's commitment to providing residents with high-quality living experiences in attractive submarkets.

"Alleia represents an exciting addition to our multifamily portfolio in Savannah," says Chase Bennett, Olympus Property's Executive Managing Director. "Our long-standing presence in this market and our knowledge of its fundamentals uniquely position us to enhance the management and performance of Alleia."

Nestled near the junction of Jimmy DeLoach Parkway and Interstate 95, Alleia residents have immediate access to a thriving employment hub, offering over 71,000 jobs within a 10-mile radius. The area is undergoing rapid expansion, fueled in part by significant developments such as the construction of Hyundai's $6.4 billion electric vehicle and battery plant. Hyundai's expansion, located only 25 minutes from the Property, is expected to generate over 25,000 jobs and will further fuel the region's growth. In addition to Hyundai's investment, Gulfstream, Savannah's current largest employer, recently announced a $150 million investment and the creation of 1,600 new jobs.

Alleia has set the standard for excellence in the Pooler submarket with top-of-the-line amenities including a pool with cabanas, covered outdoor lounge, grilling stations, and fully equipped fitness center and game room. Alleia's floor plans feature spacious layouts ranging from 642 sq. ft. to 2,178 sq. ft., including 16 two- and three-bedroom townhomes. Units feature contemporary finishes and fixtures including screened-in porches, Nest thermostats, security systems, granite countertops, wood-style flooring, walk-in showers, spacious walk-in closets, and stainless-steel appliances.

About Olympus Property:

Established in 1992, Olympus Property is a highly experienced full-service multifamily owner and operator headquartered in Fort Worth, Texas. The company's portfolio is currently valued at over $7 billion and represents approximately 31,000 units under ownership, development, and management. Olympus is consistently focused on high-growth markets with strong population and employment trends, while adding value across the portfolio. The company is currently invested in fourteen states including Arizona, California, Colorado, Florida, Georgia, Idaho, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Wyoming, and Kentucky.

For more information please visit: www.OlympusProperty.com.

CONTACT INFORMATION:

Olympus Property

Carla Zeineh

949-889-0120

Carla.Zeineh@olympusproperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES 203-UNIT CLASS A PROPERTY IN DESIRABLE SAVANNAH SUBMARKET

Thu, 20 Apr 2023 15:11:41 GMT

FORT WORTH, Texas, April 20, 2023 /PRNewswire/ -- Olympus Property is pleased to announce the acquisition of Capital Crest at Godley Station, a 203-unit asset located in Savannah, GA. Olympus is excited to expand its holdings in the market, where it has owned and operated apartments for over a decade.

The company continues to grow its presence in the multifamily real estate industry, providing residents with a best-in-class living experience and investors strong returns. Established in 1992 with a steadfast vision of becoming an industry leader, Olympus Property boasts a wealth of experience and a hands-on approach throughout the investment process. Olympus currently owns and manages approximately 31,000 units spanning across 14 states being Arizona, California, Colorado, Florida, Georgia, Idaho, Kentucky, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, and Wyoming.

Located along Benton Boulevard in one of Savannah's most desirable submarkets, Capital Crest at Godley Station provides residents exceptional accessibility to major employment centers, the historic downtown, and residential communities with upscale retail and lifestyle offerings. The property is strategically positioned within a 15-mile radius of over 187,000 jobs, offering easy access to some of the region's top employers, such as Gulfstream, Georgia Pacific, and the Port of Savannah, which is the largest single-terminal container facility in North America. The region is experiencing rapid economic expansion, underpinned by the recent groundbreaking of Hyundai's $6.4B electric vehicle and battery plant. This project is located within a 20-minute commute of the property and is expected to generate over 25,000 jobs by 2025. Once completed this plant is projected to be the third-largest electric vehicle manufacturing facility in the country.

"We are excited to add Capital Crest at Godley Station to our portfolio," notes Travis Bertetto, Associate Director of Acquisitions at Olympus Property. "Savannah's strong fundamentals and growth prospects make it an attractive market for us. With over 1,000 units under ownership within the market we are looking forward to creating value for our investors by leveraging our management expertise and market knowledge."

Constructed in 2017, the community offers fourteen unique floor plans, which range from one to three bedrooms. Additionally, the property features a wide range of amenities including a 2,500 square foot sports club, saltwater pool accompanied by poolside cabanas and fireplace, theater, car care center, dog park, and pet spa. The community also offers attached and detached garage parking. Unit interiors are modernized and include stainless-steel appliance packages, hardwood-style flooring, large kitchens, walk-in pantries, and washer & dryers.

Please direct all inquiries to Jeff Evans at 325-829-8844 and Jeff.Evans@OlympusProperty.com, or Braden Barr at 415-686-0232 and Braden.Barr@OlympusProperty.com.

For more information please visit: www.OlympusProperty.com.

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES THIRD MULTIFAMILY COMMUNITY IN FAYETTEVILLE, NORTH CAROLINA

Fri, 24 Mar 2023 11:14:23 GMT

Olympus Property is pleased to announce the acquisition of King's Quarter at Jack Britt in Fayetteville, North Carolina. Established in 1992 with a steadfast vision of becoming an industry leader, Olympus Property boasts a wealth of experience and a hands-on approach throughout the investment process.

The company continues to grow its presence in the multifamily real estate industry, providing residents with a best in class living experience and investors strong returns. Olympus currently owns and manages over 27,000 units spanning across 14 states being Arizona, California, Colorado, Florida, Georgia, Idaho, Kentucky, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, and Wyoming.

King's Quarter at Jack Britt, a 252-unit garden style community, marks the third holding for Olympus Property in the supply-constrained market of Fayetteville. This acquisition strategically positions Olympus as one of the largest owner/operators in the MSA. The area has experienced explosive growth over the past few years, with a metropolitan population increase of 37.9% from 2016 to 2021, making Fayetteville one of the fastest growing cities in America. In conjunction with strong in-migration trends, rents have been increasing at double digit rates, far surpassing the national average of 2.6%. These macro-economic fundamentals support continued long-term growth at the property, as well as the submarket.

"Fayetteville was just ranked amongst the top in the nation with year over year rent growth north of 11%," notes Travis Bertetto, Associate Director of Acquisitions at Olympus Property. "Paired with the economies of scale we will realize by owning two other assets in the market, this acquisition will be a great addition to our expanding portfolio."

The property is well situated near some of the region's largest employers including VA Healthcare Centers, Goodyear Tire, and Fort Bragg, which collectively supports over 50,000 jobs in the area.

The property is also within a 20-minute commute of Amazon's state-of-the-art 1.3 million square foot fulfillment facility located on Bragg Boulevard, which is expected to open later this year.

Built in 2014, King's Quarter at Jack Britt boasts a variety of amenities including a playground, pool area with cabanas, grilling stations, pet park, fitness center, and garages. The property features spacious two- and three-bedroom units with upgraded interiors ranging from 1,150 square feet to 1,398 square feet. Units are well-appointed with granite countertops, stainless steel appliances, walk-in closets, and private balcony/patio areas with additional storage.

To learn more about Olympus Property or for media inquiries, please contact Jeff Evans at 325-829-8844 or Jeff.Evans@OlympusProperty.com, or Braden Barr at 415-686-0232 or Braden.Barr@OlympusProperty.com.

OLYMPUS PROPERTY EXPANDS CALIFORNIA FOOTPRINT WITH 179-UNIT WEST HOLLYWOOD, CA ACQUISITION

Fri, 17 Mar 2023 15:16:05 GMT

FORT WORTH, Texas, March 17, 2023 /PRNewswire/ -- Olympus Property is pleased to announce the acquisition of Angelene Apartments, a 179-unit apartment community located in West Hollywood, California. Established in 1992 with a steadfast vision of becoming a leader in the multifamily real estate industry, Olympus Property boasts a wealth of experience and a hands-on approach throughout the investment process. The company's portfolio represents over 27,000 units under ownership and management. Olympus Property is currently invested in fourteen states including Arizona, California, Colorado, Florida, Georgia, Idaho, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Wyoming, and Kentucky.

Angelene Apartments offers a rare generational opportunity to own a mixed-use Class A community in one of Los Angeles' most highly coveted neighborhoods. Built in 2016, the property is located in the epicenter of the world's entertainment capital and is within a three-minute walk of over 1.5 million square feet of restaurants, bars, and shops along Melrose Avenue. Residents have incredible access to Los Angeles' most prominent employment centers including Hollywood/West Hollywood, Beverly Hills, Century City, Culver City, Westwood, Santa Monica, and Downtown LA. The project is anchored by 33,500 sq. ft. of ground floor retail currently occupied by Sprouts Farmers Market, one of the fastest growing national retailers.

The acquisition of Angelene Apartments is an exciting opportunity to own and operate a newer vintage asset in one of the region's most supply constrained markets. "Angelene will be our first acquisition in the highly sought after West Hollywood market," notes Chase Bennett, Executive Managing Director at Olympus Property. "It's an exceptionally built property paired with strong market fundamentals, as well as an extremely limited development pipeline. This asset will continue to create value for our investors and Olympus for years to come."

This state-of-the-art community distinguishes itself with an extensive hotel-style amenity package including a pool deck and clubhouse overlooking West Hollywood, an abundance of outdoor common areas, and a fully equipped fitness center. Apartment homes feature open living spaces and large windows with well-designed and spacious floorplans in a mix of studio, one-, two-, and three-bedroom configurations. Interiors include a curated list of high-end amenities including stainless-steel appliances, quartz countertops, modern cabinetry, 9 ft. ceilings, full-size stackable washers and dryers, and hardwood-style plank flooring.

Derrek Ostrzyzek, Tom Moran, Rachel Parsons and Mike Murphy of Berkadia Institutional Solutions completed the sale on behalf of the institutional seller. Additionally, Tucker S. Knight of Berkadia's Houston Texas office arranged acquisition financing through Freddie Mac on behalf of Olympus Property.

For more information please visit: www.OlympusProperty.com.

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES LUXURY CLASS A PROPERTY IN SAN DIEGO, CA

Tue, 15 Nov 2022 15:26:26 GMT

FORT WORTH, Texas, Nov. 15, 2022 /PRNewswire/ -- Olympus Property is pleased to announce the acquisition of The Residences at Escaya, a 272-unit luxury Class A property in Chula Vista, California, 15 miles from Downtown San Diego.

The Residences at Escaya is situated in Chula Vista's rapidly growing Otay Ranch neighborhood, the best-selling 450-acre master planned community in San Diego. The property is located in one of the fastest growing cities in California surrounded by high-quality employment opportunities and exceptional retail and recreational amenities. Given its central San Diego location and exceptional freeway access, the property has outstanding connectivity to many of San Diego's key job centers including Downtown, Kearny Mesa, Mission Valley, and UTC. These employment hubs offer a large concentration of job opportunities in high-paying industries including cleantech, life sciences, aerospace/defense, and healthcare.

The Residences at Escaya will be an excellent addition to Olympus' growing portfolio, an experienced operator in California since 1992. "We feel fortunate to have been selected as the buyer of this top-of-the-market newly built asset," notes Chandler Wonderly, Principal of Olympus Property. "We look forward to long-term ownership and continued expansion in the market."

The Residences at Escaya is one of San Diego's most sought-after residential communities and recently won the highly coveted Pillars of the Industry award for the nation's "Best Garden Apartment Community" by NAHB. Built in 2019, The Residences at Escaya is a low-density community-centric luxury development. The property offers residents private garage and carport parking and a thoughtfully curated list of amenities including a 30,000 sq. ft. walkable retail village, a resort-style swimming pool, state-of-the-art fitness center, expansive clubhouse, and outdoor lounge BBQ area. The property features well-designed spacious floor plans ranging from 784 Sq. Ft. to 1,560 Sq. Ft. and best-in-class finishes including quartz countertops, stainless steel appliances, full-height tile backsplashes, wood-style plank flooring, in-unit washers/dryers, and ocean views from select units.

About Olympus Property:

Established in 1992, Olympus Property is a highly experienced full-service multifamily owner and operator headquartered in Fort Worth, Texas. The company's portfolio is currently valued at over $6 billion and represents over 27,000 units under ownership and management. Olympus is consistently focused on high-growth markets and adding value across the portfolio. The company is currently invested in fourteen states including Arizona, California, Colorado, Florida, Georgia, Idaho, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Wyoming and Kentucky.

To learn more about Olympus Property or for media inquiries, please contact Jeff Evans at 325-829-8844 or Jeff.Evans@OlympusProperty.com, or Braden Barr at 415-686-0232

or Braden.Barr@OlympusProperty.com.

For more information please visit: www.OlympusProperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES NEW 192-UNIT CLASS A MULTIFAMILY COMMUNITY IN RAEFORD, NORTH CAROLINA

Fri, 29 Jul 2022 15:28:41 GMT

FORT WORTH, Texas, July 29, 2022 /PRNewswire/ -- Olympus Property is pleased to announce the successful acquisition of Stone Gables, a 192-unit garden-style apartment community in Raeford, North Carolina, just outside of Fayetteville.

The property is strategically located in close proximity to some of the region's most notable employers such as Fort Bragg, one of the largest military bases in the world with a workforce of more than 60,000 and estimated economic impact of over $13 billion. Other major nearby employers include the VA Healthcare Centers, Goodyear Tire, and Walmart Associates. Stone Gables is also within five minutes of the 401 retail corridor, with over 1 million square feet of retail space.

The property is well-positioned to capitalize on the region's stable military-heavy economy and steady population growth. Limited new supply and pent-up demand will continue to drive rent growth over the foreseeable future, which has increased 12.4% over the last year.

Olympus Property, who operates the nearby community Heights at MacArthur Park, plans to leverage its local presence in the Fayetteville market. "Stone Gables will be the second asset we've acquired in Fayetteville this year. It's a beautiful property in a market that's experiencing strong rent growth paired with virtually no development pipeline. The positive market fundamentals and the economies of now having two properties makes this an excellent acquisition," notes Travis Bertetto, Associate Director of Acquisitions at Olympus Property.

Completed in 2013, the Class A property features eight three-story apartment buildings spaciously situated on 12.83 acres. The property features a robust amenities package including a 24-hour fitness center, resort-style pool & sundeck, detached garages, picnic & grilling areas, resident park with playground, and off-leash dog park. Unit interiors include nine-foot ceilings, full size washers/dryers, granite kitchen and bathroom countertops, black appliances, and private patios/balconies. Olympus plans to further enhance the Class A property with an additional $1 million in capital over the next few years which in turn will add significant long-term value for its Partners.

About Olympus Property:

Established in 1992, Olympus Property is a highly experienced full-service multifamily owner and operator headquartered in Fort Worth, Texas. The company's portfolio is currently valued at over $5 billion and representing approximately 22,700 units under ownership and management. Olympus is consistently focused on high-growth markets and adding value across the portfolio. The company is currently invested in fourteen states including Arizona, California, Colorado, Florida, Georgia, Idaho, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Wyoming and Kentucky.

For more information please visit: www.OlympusProperty.com

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES THE HEIGHTS AT MCARTHUR PARK IN FAYETTEVILLE, NC

Thu, 31 Mar 2022 15:30:54 GMT

FORT WORTH, Texas, April 1, 2022 /PRNewswire/ -- Olympus Property announces the successful acquisition of The Heights at McArthur Park apartments, a 288-unit garden style multifamily property in Fayetteville, North Carolina.

The Heights at MacArthur Park is a class A community located in the desirable city of Fayetteville. The property has a premier location with its proximity to some of the region's largest employers, including Fort Bragg, Goodyear Tire, VA Healthcare Centers, and Walmart Associates. In addition, Amazon plans to build a 1.3 million-square-foot fulfillment facility in the Military Business Park in Fayetteville, which will create more than 500 full-time jobs and hundreds of other part-time roles. This type of job growth will continue to support robust rent growth in the area. Fayetteville has seen no new deliveries in the market since 2016, and with only two new projects currently underway (totaling 214 units), the vacancy rate for Fayetteville is expected to remain below 4% for the foreseeable future.

"The Heights at McArthur Park is an exceptional asset in a market that is experiencing robust job growth. The strong fundamentals of Fayetteville will make this a great acquisition for Olympus and breaking into a new market is always exciting." - Travis Bertetto, Acquisitions Manager.

The Heights at McArthur Park features a resort style pool with a sundeck and cabanas, fitness center, white sand volleyball court, business center, resident park with a playground, and an off-leash dog park. Unit interiors include granite-style countertops, nine-foot ceilings, and upgraded appliances.

"The Fayetteville market has an extremely tight supply pipeline with nothing planned for development in the foreseeable future. These factors paired with strong rent growth will provide long-term upside for both our partners and firm." - Chase Bennett, Senior Managing Director.

About Olympus Property

Olympus Property is a full-service multifamily investment and property management organization headquartered in Fort Worth, Texas, operating luxury multifamily communities. To learn more, visit OlympusProperty.com or contact Braden Barr at 415-686-0232 or Braden.Barr@OlympusProperty.com, or Jeff Evans at 325-829-8844 or Jeff.Evans@OlympusProperty.com.

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES THE VILLAGE AT APISON PIKE IN CHATTANOOGA, TENNESSEE

Thu, 06 Jan 2022 15:32:31 GMT

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OLYMPUS PROPERTY ACQUIRES ROCKET POINTE IN DURANGO, COLORADO

Wed, 22 Dec 2021 15:34:19 GMT

FORT WORTH, Texas, Dec. 22, 2021 /PRNewswire/ -- Olympus Property announces the successful acquisition of the Rocket Pointe apartments, a 194-unit garden style Class-A multifamily property in Durango, Colorado.

Durango is a scenic, resort-style market located in Southwest Colorado. The community is home to a diverse group of residents – from world class physicians at Durango's medical centers, small-business owners & entrepreneurs, professional outdoor athletes, to remote employees relocating from costal city centers. Residents and visitors enjoy an abundant offering of outdoor activities from hiking, camping, skiing/snowboarding, fishing, whitewater rafting, hunting, horseback riding, mountain biking, rock climbing, and more.

"The Durango market is experiencing a large influx of people moving from larger cities. The population influx in conjunction with the high barrier-to-entry for new apartments has led Durango to be one of the top markets in the nation in terms of rent growth this past year." said John Vu, Olympus Acquisitions Manager.

Completed in 2019, Rocket Pointe is one of only two market-rate multifamily communities constructed in Durango in the last 20 years. The property offers best-in-class amenities with a resort-style heated swimming pool, fitness center, community kitchen, bike repair station, ski/snowboard waxing room, and breezeway access garages. Units feature granite countertops, stainless steel appliances, and designer finishes.

"Rocket Pointe is an opportunity for our company to expand into a prestigious, supply-constrained new market with a strong fundamental story. The asset is in a flourishing community with plenty of long-term upside for our firm and our partners," said Chase Bennett, Olympus Managing Director.

Founded in 1992, Olympus Property owns and manages some of the most desirable multifamily opportunities across the United States. Olympus Property is headquartered in Fort Worth, Texas. Over a 29-year history, the firm has become a successful and recognized name in the multifamily industry owning and operating approximately 21,000 units across eleven states. Rocket Pointe is the fourth property in Olympus Property's twelfth fund, Olympus Property XII LLC.

To learn more about Olympus Property, please contact Braden Barr at 415-686-0232 or Braden.Barr@OlympusProperty.com, or Jeff Evans at 325-829-8844 or Jeff.Evans@OlympusProperty.com.

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES OLYMPUS EMERALD COAST IN DESTIN, FL

Thu, 03 Jun 2021 15:37:05 GMT

FORT WORTH, Texas, June 3, 2021 /PRNewswire/ -- Olympus Property announces the successful acquisition of Vintage Destin, a garden-style, Class-A multifamily community in Destin, Florida. Effective immediately, the asset will be renamed Olympus Emerald Coast.

Olympus Emerald Coast is located just north of US Hwy 98, providing convenient regional access to the market's top employment drivers, but also less than one mile from Destin's award-winning white sand beaches. Built in 2020, the 282-unit community features a resort-style pool with private cabanas, fitness center, pet park and spa, bike share program, and a landscaped rooftop deck with ocean views. Home interiors include stainless steel appliances, hardwood inspired floors, quartz countertops, kitchen islands, and frameless shower doors.

"Olympus Emerald Coast is a best-in-class asset in a market that's experiencing exceptional rent growth, paired with a minimal supply pipeline. Expanding into a new market also makes this acquisition special for us." said Travis Bertetto, Olympus Acquisitions Manager.

Destin is the principal city of the Fort Walton Beach-Crestview-Destin, Florida Metropolitan Statistical Area, which is home to nearly 250,000 residents. Originating as a small fishing village on a peninsula separating the Gulf of Mexico from Choctawhatchee Bay, the city styles itself as "The World's Luckiest Fishing Village," and claims to have the largest fishing vessel fleet in the state of Florida.

Destin has grown to be a major tourist destination, attracting over 80 percent of the Emerald Coast's 4.5 million annual visitors. Situated on Florida's Emerald Coast, Destin is known for its stunning white sand beaches and emerald green waters. Aside from tourism, aviation, aerospace, defense, and national security are the top industries in Destin.

Founded in 1992, Olympus Property owns and manages some of the most desirable multifamily opportunities across the United States. Olympus Property is headquartered in Fort Worth, Texas. Over a 29-year history, the firm has become a successful and recognized name in the multifamily industry owning and operating approximately 18,000 units across ten states. Olympus Emerald Coast is the third property in Olympus Property's eleventh fund, Olympus Property XI, LLC.

To learn more about Olympus Property, please contact Braden Barr at 415-686-0232 or Braden.Barr@OlympusProperty.com, or Jeff Evans at 325-829-8844 or Jeff.Evans@OlympusProperty.com.

SOURCE Olympus Property

OLYMPUS PROPERTY ACQUIRES MOUNTAIN TRAIL IN FLAGSTAFF, ARIZONA

Thu, 07 Jan 2021 11:40:02 GMT

FORT WORTH, Texas, Jan. 6, 2021 /PRNewswire/ -- Olympus Property announces the successful acquisition of Mountain Trail, a garden style Class-A multifamily community in Flagstaff, Arizona.

Mountain Trail is strategically located at the intersection of Interstate 40 and 17, Flagstaff's primary thoroughfares, only 150 miles north of Phoenix. It is the only multifamily community in the Flagstaff market with direct-access garages, which is a popular demand in colder climate cities. Community amenities include a large hot tub and fireplace, state-of-the-art fitness center, sauna room, putting green, and hiking and jogging trails. Mountain Trail homes feature 9-foot ceilings, stainless steel appliances, granite countertops, plank flooring, and smart home technology.

"Mountain Trail is one of the most desirable assets within the Flagstaff market due its superior location and unique direct-access garage design. The lack of supply and government restrictions in Flagstaff in turn make this an appealing opportunity to our Partners and Olympus," said Chase Bennett, Director of Acquisitions.

The city of Flagstaff is a flourishing market that is seeing expanding growth for those seeking a quieter alternative to Phoenix – so much so that Flagstaff made USAtoday.com's 2018 list of "Ten Best Places to Avoid Noise, Light, and Air Pollution." Flagstaff is the primary educational, commercial, and cultural center for northern Arizona including a large number of High Tech and Development Industries. With more than 44% of residents holding a bachelor's degree or higher, it is Arizona's most educated workforce. All within five miles of Mountain Trail are the city's largest employers: the 3rd largest university in the state – North Arizona University (3,500 jobs), Gore Creative Technologies (3,000 Jobs), and Flagstaff Medical Center (2,000 jobs). Known as the city of seven national wonders, Flagstaff offers everything from the Grand Canyon National Park to the San Francisco Peaks which includes the Arizona Snowbowl, one of Arizona's only two ski resorts just 30 minutes north of property. Additionally, just three miles from the property is Aspen Place at Sawmill, a retail center anchored by Whole Foods Market and REI.

Founded in 1992, Olympus Property owns and manages some of the most desirable multifamily opportunities across the United States. Olympus Property is headquartered in Fort Worth, Texas. Over a 28-year history, the firm has become a successful and recognized name in the multifamily industry owning and operating approximately 17,000 units across ten states.

To learn more about Olympus Property, please contact Braden Barr at 415-686-0232 or Braden.Barr@OlympusProperty.com, or Jeff Evans at 325-829-8844 or Jeff.Evans@OlympusProperty.com.

SOURCE Olympus Property

Olympus Property Acquires Carrington Oaks Outside of Austin, Texas

Tue, 03 Dec 2019 11:42:06 GMT

FORT WORTH, Texas, Dec. 3, 2019 /PRNewswire/ -- Olympus Property announces the successful acquisition of Carrington Oaks. This garden style Class A project was completed in 2015 and was sold to a partnership of Olympus Property of Fort Worth, Texas and RSE Capital Partners of Washington, DC. The asset is located in the city of Buda, a suburb of Austin, Texas.

Carrington Oaks is strategically located fifteen miles south of downtown Austin. The property is in close proximity to two major universities including University of Texas at Austin with 51,000 students and Texas State University in San Marcos with 38,000 students. The city of Buda, which the Texas State Legislature named "The Outdoor Capital of Texas," hosts an affluent demographic base with a median age of 34 and an average annual household income of over $90,000.

The city of Buda is in Hays County which has experienced tremendous growth over the past decade. Hays County has grown approximately 42% from 2010 through 2018 making it the fastest growing county in Texas and the fourth fastest growing county in the country.

"Olympus is acquiring Carrington Oaks at an attractive basis in one of the fastest growing markets across the country. This deal checks all of the boxes as we continue to expand Olympus in our home state of Texas," said Chandler Wonderly, Principal of Olympus Property.

Carrington Oaks community amenities include a resort style pool with cascading fountains, poolside seating and cabanas, state-of-the-art fitness center, spinning room, clubhouse with fireplace, billiards, and lounge areas, large theater room with leather recliners, executive business center, outdoor propane and charcoal grills, pet park, playground, gated entrance, detached garages and covered parking. Unit features include 9 ft. ceilings, stainless steel appliances, granite countertops, full-sized kitchen pantries, kitchen islands/breakfast bars, wood vinyl flooring, track and pendant lighting, washer and dryer, garden tubs, ceramic tile bath surround, large walk-in closets, double vanities, pet yards, balconies and patios with outdoor storage.

"Carrington Oaks is a beautiful property located near Austin, one of the fastest growing cities in the United States. The economic expansion in this market will provide sustained rent growth and appreciation which in turn will deliver strong returns to both our Partners and Olympus," said Chase Bennett, Director of Acquisitions.

For the third year in a row, Austin was ranked the #1 Best Place to Live by U.S. News and World Report. A booming economy, growing job market, high quality of life and low cost of living make Austin a sought-after city. Austin has earned the nickname "Silicon Hills" because it is a major employment base for technology companies such as Apple, Dell Computer, IBM, Intel, AMD, National Instruments and Samsung. Over the past decade the area has enjoyed a sustained period of economic and population expansion as local companies increase their business capacity and others relocate to this attractive central U.S. location.

Founded in 1992, Olympus Property owns and manages some of the most desirable multifamily opportunities across the United States. Olympus Property is headquartered in Fort Worth, Texas. Over a 26-year history, the firm has become a successful and recognized name in the multifamily industry owning and operating 17,000 units across nine states.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at Braden.Barr@OlympusProperty.com.

SOURCE Olympus Property

Olympus Property Acquires Icon Harbour Island in Tampa, Florida

Fri, 08 Nov 2019 15:44:30 GMT

FORT WORTH, Texas, Nov. 8, 2019 /PRNewswire/ -- Olympus Property announces the successful acquisition of Icon Harbour Island in Tampa, Florida. Effective immediately, the asset will be renamed Olympus Harbour Island. Completed in 2017, Olympus Harbour Island is a Class-AA luxury high rise community located on the prestigious Harbour Island just south of downtown Tampa.

Olympus Harbour Island's ultra-upscale location was voted the number 1 ranked neighborhood to live in Florida based on lifestyle, schools, and employment according to Niche.com. Boasting breathtaking panoramic views of the Hillsborough Bay and downtown Tampa, Harbour Island offers both residents and visitors access to world class residences, restaurants, and nightlife.

AreaVibes.com has given Harbour Island an A+ rating on account of the Island's amenities, crime, education, and proximity to major employers. These factors contribute to Harbour Island ranking as one of the most affluent zip codes in the state.

"Olympus Harbour Island is in an asset class of its own in one of the most premier locations in Tampa. Expanding our Tampa portfolio with this acquisition is an honor for Olympus and our teams," said Chandler Wonderly, Principal of Olympus Property.

Nearby development projects include Water Street, a $3 Billion mixed-use development backed by Bill Gates and Tampa Bay Lightning owner Jeff Vinik. Located within a 5-minute walk from the property, Water Street, is a nine million square foot project that will total 53 acres and 18 different buildings once complete. The development will be recognized as one of the most prominent business parks in the country. The Tampa Bay River walk, a 2.6-mile scenic trail, is also in walking distance from the property and includes a variety of restaurants, parks, and entertainment venues further enhancing the resident experience.

There are six Fortune 500 companies headquartered in downtown Tampa including Raymond James Financial, Tech Data, Jabil Circuit, Publix, HSN, and Mosaic. In addition, the pharmaceutical giant Johnson and Johnson has recently relocated their corporate service headquarters to Tampa. These employment drivers offer access to approximately 39,000 jobs within two miles of the property.

"Olympus Harbour Island is one of the highest quality assets located in one of the most premier locations in the southeast. This is a deal we are comfortable owning for a very long period of time," said Chase Bennett, Director of Acquisitions at Olympus Property.

The transaction was brokered by Patrick Dufour of NKF Multifamily.

The Olympus Harbour Island community amenities include a resort style swimming pool with cabanas and daybeds, clubhouse with catering kitchen and piano salon, 24-hour fitness center, game room with billiards and game tables, a wine cellar, movie theatre, bbq grill and picnic area, a gourmet café bar, and a parking garage. Unit features include 9' ceilings, stainless steel appliances, quartz countertops, porcelain tile backsplash, garden tubs, walk-in showers, double vanity sinks, framed bathroom mirrors, walk-in closets, and patios.

Founded in 1992, Olympus Property owns and manages some of the most desirable multifamily opportunities across the United States. Olympus Property is headquartered in Fort Worth, Texas. Over a 26-year history, the firm has become a successful and recognized name in the multifamily industry owning and operating 17,000 units across nine states.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at Braden.Barr@OlympusProperty.com.

SOURCE Olympus Property

Olympus Property Acquires Class A Asset: Promenade at the District in South Jordan, Utah

Mon, 22 Jul 2019 15:46:43 GMT

FORT WORTH, Texas, July 22, 2019 /PRNewswire / -- Olympus Property announces the successful acquisition of Promenade at the District, a Class-A garden style community built in 2012 located in South Jordan, Utah. Effective immediately, the asset will be renamed Olympus at the District.

Olympus at the District is a Class A townhome community located in the desirable city of South Jordan. The property is adjacent to The District, one of the largest mixed-use developments in Utah, with over 852,000-square-feet of theaters, restaurants, retail shops, and office buildings. It offers convenient access to Bangerter Highway for a direct route to the Salt Lake City International Airport. The property is also located within 30-minutes of Downtown Salt Lake City and Silicon Slopes which includes major employers such as Delta Airlines, Adobe, UPS, Goldman Sachs, Fidelity, and eBay.

Olympus at the District is one of only a few multifamily communities in the submarket consisting of 100% townhomes with attached garages. The average size unit is 1,326-square-feet which is approximately 300-square-feet larger than the average apartment in South Jordan. This property offers the unique opportunity to both individuals and families looking for an apartment and not wanting a neighbor above or below them.

"South Jordan is a flourishing neighborhood in the larger Salt Lake City metroplex. The business friendly environment and high quality of life Utah provides will continue attracting employers and fueling population growth for years to come," said Chandler Wonderly, Principal of Olympus Property.

Olympus plans to spend $800,000 on top of the existing finish-outs to enhance the interiors, add minor renovations to the clubhouse, re-brand the property, paint the exterior, update exterior lighting, and add a pet park. Interior upgrades will include adding smart home packages, ceiling fans, vinyl flooring, and a lighting package further increasing the value of the asset.

"Acquiring assets in Utah is extremely competitive. The unique townhome design and proximity to both employment and entertainment centers make this asset well positioned to provide tenants a top-notch living experience and deliver strong returns to our investors," said Chase Bennett, Director of Acquisitions at Olympus Property.

Olympus at the District is an upscale town-home style community featuring a state-of-the-art fitness center, eco-friendly/solar powered units, two swimming pools, sunning decks, a clubhouse featuring a lounge area, TVs, a fireplace, and billiards room, and two playground areas. Unit amenities include stainless steel appliances, granite countertops, gourmet kitchen, full-size washer and dryer, vaulted ceilings, faux-wood flooring, gas range, designer wood cabinets, oversized walk-in closets, 2.5" wood-composite blinds, one and two car direct access garages, and a front patio for select units.

Founded in 1992, Olympus Property owns and manages the most desirable multifamily opportunities across the United States and was recently named the 2 best place to work in multifamily by The Multifamily Leadership Summit in 2019. Over a 26-year history, the firm has become a successful and recognized name in the multifamily industry with over 17,000 units owned and operated across ten states.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at Braden.Barr@OlympusProperty.com.

SOURCE Olympus Property

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OLYMPUS PROPERTY LAUNCHES MID-ATLANTIC EXPANSION WITH ASCEND BY THE SEA

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OLYMPUS PROPERTY EXPANDS TAMPA BAY PRESENCE WITH ACQUISITION OF 930 CENTRAL FLATS

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ALLEIA ACQUISITION EXPANDS OLYMPUS PROPERTY'S PRESENCE IN AFFLUENT POOLER SUBMARKET

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OLYMPUS PROPERTY ACQUIRES 203-UNIT CLASS A PROPERTY IN DESIRABLE SAVANNAH SUBMARKET

OLYMPUS PROPERTY ACQUIRES THIRD MULTIFAMILY COMMUNITY IN FAYETTEVILLE, NORTH CAROLINA

OLYMPUS PROPERTY EXPANDS CALIFORNIA FOOTPRINT WITH 179-UNIT WEST HOLLYWOOD, CA ACQUISITION

OLYMPUS PROPERTY ACQUIRES LUXURY CLASS A PROPERTY IN SAN DIEGO, CA

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OLYMPUS PROPERTY ACQUIRES NEW 192-UNIT CLASS A MULTIFAMILY COMMUNITY IN RAEFORD, NORTH CAROLINA

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OLYMPUS PROPERTY ACQUIRES THE HEIGHTS AT MCARTHUR PARK IN FAYETTEVILLE, NC

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OLYMPUS PROPERTY ACQUIRES THE VILLAGE AT APISON PIKE IN CHATTANOOGA, TENNESSEE

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OLYMPUS PROPERTY ACQUIRES ROCKET POINTE IN DURANGO, COLORADO

OLYMPUS PROPERTY ACQUIRES OLYMPUS EMERALD COAST IN DESTIN, FL

OLYMPUS PROPERTY ACQUIRES MOUNTAIN TRAIL IN FLAGSTAFF, ARIZONA

Olympus Property Acquires Carrington Oaks Outside of Austin, Texas

Olympus Property Acquires Icon Harbour Island in Tampa, Florida

Olympus Property Acquires Class A Asset: Promenade at the District in South Jordan, Utah