URS Capital Partners Expands Portfolio with Strategic Acquisition
URS Capital Partners Expands Investment Horizons
URS Capital Partners, a leading name in real estate investment, has made significant strides in the market with their recent acquisition. They have successfully purchased The Park at Village Oaks, a 126-unit apartment community characterized by its current low occupancy and various operational challenges. This strategic move marks a pivotal moment for URS as they rapidly respond to emerging opportunities in the real estate sector.
Details of the Acquisition
The apartment community, struggling with occupancy rates as low as 45%, has potential for revitalization through URS's expertise. The firm completed this acquisition in a remarkably quick time, achieving closure in just 27 days from the signing of the contract. This swift action highlights URS Capital Partners' ability to navigate complex deals effectively.
Rebranding Plans and Market Strategy
Upon acquisition, URS plans to rebrand the property to "The Flats at Leland," signaling a new chapter for the community. Chris Urso, the Managing Partner at URS, expressed his enthusiasm about entering the Wilmington market, focusing on the timely execution of their investment strategy.
A Proven Track Record in Real Estate Investments
Since its inception in 2019, URS Capital Partners has established a formidable reputation. They have successfully liquidated 15 assets at peak market pricing, showcasing their strategic acumen. The latest acquisition represents the third property added to their portfolio this year, with expectations of concluding another deal by the end of the month.
Commitment to Partnership and Growth
Urso further emphasized the vital role of their investor relationships, crediting their dedicated base for allowing timely responses to opportunities that align with URS's investment thesis. With ambitions to continue expanding their portfolio, URS aims to acquire an additional 4-5 properties by 2025 in their focused geographic markets.
About URS Capital Partners
Based in Huntington, NY, URS Capital Partners specializes in value-add and opportunistic multifamily assets. With an extensive track record, the firm emphasizes revitalizing communities while maximizing returns for their investors. Their commitment to development is evident, having constructed over 1,090 units since 2019, further solidifying their position in the competitive real estate market.
Contact Information
For further details on URS Capital Partners’ investment strategy and updates, interested parties can reach Rebecca Windsor at URS Capital Partners. Their contact number is 631-683-5176 ext 103, and they can be emailed at 385390@email4pr.com. Additional information can be found on their website urscapitalpartners.com.
Frequently Asked Questions
What did URS Capital Partners acquire recently?
URS Capital Partners recently acquired The Park at Village Oaks, a 126-unit apartment community.
How quickly did URS Capital Partners close the acquisition?
The acquisition was completed in just 27 days from the contract signing.
What is the future plan for The Park at Village Oaks?
The property will be rebranded as "The Flats at Leland" to signify its new direction.
How many units has URS developed since 2019?
Since 2019, URS Capital Partners has developed over 1,090 units.
What is URS Capital Partners' investment strategy?
They focus on value-add and opportunistic multifamily assets to maximize investor returns.
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