Argyle Real Estate Partners and Sembler Investments have teamed up to acquire more than $1.5 billion of apartments in the Southeast and Texas over the next two to three years.
Argyle Real Estate Partners, a newly formed, real estate investment firm led by industry veteran Ryan Reyes, will target core-plus and value-add opportunities in major Sun Belt markets. The partnership plans to focus on apartments built after 2000 in markets experiencing major population growth and corporate relocations that offer high quality of life for residents.
Reyes, the founder, CEO & managing partner of Argyle, said in a prepared statement the fundamentals for the multifamily sector remain strong despite the recent macroeconomic and capital market trends. He said they believe the dichotomy between the underlying asset class and capital market conditions will present compelling investment opportunities in the months ahead. Argyle’s team collectively has acquired more than $3.5 billion of multifamily properties throughout the United States during their combined 25 year-plus experience in the industry.
Sembler Investments, founded 30 years ago, is a multidisciplinary investment firm that has holdings in real estate as well as healthcare, financial services and hospitality.