Olympus Property Continues to Grow with the Acquisition of Echo at Katy Ranch in Katy, Texas

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Dec 12, 2018, 17:32 ET

FORT WORTH, Texas, Dec. 12, 2018 /PRNewswire/ -- Olympus Property announces the successful acquisition of Echo at Katy Ranch, a Class-A garden style community built in 2013 and located outside of Houston in the thriving town of Katy, Texas. Effective immediately, the asset will be renamed Olympus Katy Ranch.

2018 has been a productive year for Olympus. Olympus Katy Ranch is the 12^th purchase in 2018 with almost 4,000 high quality apartment units added to the overall portfolio this year.

Olympus Property Continues to Grow with the Acquisition of Echo at Katy Ranch in Katy, Texas

"Olympus maintains a longer-term view of the markets. Olympus Katy Ranch is located in a booming submarket of Houston and offers attractive long-term value and upside for our investors and our firm," said Chase Bennett, Director of Acquisitions at Olympus Property.

Katy has emerged as one of Houston's most popular suburban areas based on its excellent school district, award-winning residential neighborhoods, and access to numerous major employers within the Energy Corridor. Located only 10 miles from Olympus Katy Ranch, the Energy Corridor is the headquarters for numerous national and international energy corporations, healthcare companies, engineering firms, chemical corporations, and financial services companies. It is the third largest employment center in Houston with over 94,000 employees and 300 companies.

"Olympus Katy Ranch is an ideal addition to our portfolio in our home state of Texas. We believe our purchase basis for the age and location of this property are ideal," said Anthony Wonderly, Principal at Olympus Property.

Olympus Katy Ranch is a luxury low density community positioned across 14 acres which offers a 2-story design with direct access garages for 100 of its 260 units. Premier amenities include a resort-style pool with spa, six gas grills, fireside lounge, resident clubroom with TVs, billiards room, 24-hour fitness center with circuit and core training equipment, and a gated bark park. Unit features include gourmet bar kitchen with pendant lighting, granite countertops, brushed nickel plumbing, hardwood-style flooring, private balconies, garden bathtubs, walk-in closets, in-home washer and dryer, and detached garages.

Founded in 1992, Olympus Property owns and manages the most desirable multifamily opportunities across the United States and was recently named the 2^nd 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. Olympus provides opportunities to diversify across multiple geographic locations and directly own interest in unique real estate opportunities.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at [email protected].

SOURCE Olympus Property